Capital Power (TSE:CPX) Price Target Increased to C$50.00 by Analysts at CIBC

Capital Power (TSE:CPX – Get Rating) had its price target boosted by CIBC from C$49.00 to C$50.00 in a research report released on Wednesday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

CPX has been the subject of several other research reports. Royal Bank of Canada raised their price objective on shares of Capital Power from C$45.00 to C$50.00 and gave the company a sector perform rating in a research report on Wednesday. National Bankshares raised their target price on shares of Capital Power from C$50.00 to C$52.00 and gave the stock an outperform rating in a report on Wednesday. ATB Capital raised their target price on shares of Capital Power from C$46.00 to C$49.00 and gave the stock a sector perform rating in a report on Wednesday. TD Securities raised their target price on shares of Capital Power from C$51.00 to C$52.00 and gave the stock a buy rating in a report on Wednesday, July 13th. Finally, Raymond James raised their target price on shares of Capital Power from C$48.50 to C$49.00 and gave the stock a market perform rating in a report on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Capital Power has an average rating of Moderate Buy and an average target price of C$50.70.

Capital Power Stock Performance

TSE:CPX opened at C$49.33 on Wednesday. Capital Power has a twelve month low of C$36.65 and a twelve month high of C$49.87. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 110.14. The company has a 50-day moving average of C$46.21 and a 200-day moving average of C$42.96. The firm has a market cap of C$5.75 billion and a price-to-earnings ratio of 94.87.

Insider Transactions at Capital Power

In other news, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of C$44.72, for a total value of C$268,338.00. Following the completion of the sale, the insider now directly owns 24,549 shares of the company’s stock, valued at C$1,097,904.93. In related news, Senior Officer Bryan Deneve sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of C$43.85, for a total transaction of C$70,160.00. Following the transaction, the insider now owns 18,400 shares of the company’s stock, valued at C$806,840. Also, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of C$44.72, for a total transaction of C$268,338.00. Following the transaction, the insider now directly owns 24,549 shares in the company, valued at approximately C$1,097,904.93.

Capital Power Company Profile

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Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 6,600 megawatts of power generation capacity at 26 facilities.