TD Securities Raises Capital Power (TSE:CPX) Price Target to C$55.00

Capital Power (TSE:CPXGet Rating) had its target price lifted by TD Securities from C$53.00 to C$55.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. Scotiabank increased their target price on Capital Power from C$46.00 to C$49.00 in a research report on Wednesday. Credit Suisse Group upped their price target on Capital Power from C$50.00 to C$54.00 and gave the stock an outperform rating in a research note on Monday, July 25th. National Bankshares upped their price target on Capital Power from C$50.00 to C$52.00 and gave the stock an outperform rating in a research note on Wednesday. BMO Capital Markets upped their price target on Capital Power from C$46.00 to C$49.00 in a research note on Wednesday. Finally, Raymond James upped their price target on Capital Power from C$48.50 to C$49.00 and gave the stock a market perform rating in a research note on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$50.70.

Capital Power Stock Down 0.7 %

Shares of TSE:CPX opened at C$49.33 on Wednesday. Capital Power has a 52-week low of C$36.65 and a 52-week high of C$49.87. The firm has a market capitalization of C$5.75 billion and a P/E ratio of 94.87. The stock has a 50 day moving average price of C$46.21 and a 200-day moving average price of C$42.96. The company has a debt-to-equity ratio of 110.14, a quick ratio of 0.57 and a current ratio of 0.82.

Insider Buying and Selling at Capital Power

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

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.

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Analyst Recommendations for Capital Power (TSE:CPX)

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