Capital Power (TSE:CPX) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Capital Power Co. (TSE:CPX)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$53.47 and traded as low as C$50.95. Capital Power shares last traded at C$52.07, with a volume of 815,476 shares.

Analyst Upgrades and Downgrades

CPX has been the subject of a number of recent analyst reports. TD Securities raised their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their target price on shares of Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a research note on Wednesday, December 18th. Scotiabank lifted their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. CIBC raised shares of Capital Power from a “neutral” rating to an “outperform” rating and decreased their target price for the company from C$68.00 to C$64.00 in a research note on Tuesday. Finally, Royal Bank of Canada decreased their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Capital Power has an average rating of “Moderate Buy” and a consensus price target of C$62.89.

Capital Power Stock Up 0.5 %

The firm has a market cap of C$7.56 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. The business’s fifty day moving average price is C$58.79 and its two-hundred day moving average price is C$53.64.

Capital Power Company Profile

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 7,500 megawatts (MW) of power generation capacity at 29 facilities.