Capital Power (TSE:CPX) Raised to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of Capital Power (TSE:CPX) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on CPX. Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Scotiabank raised their price target 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. National Bankshares boosted their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Desjardins raised their target price on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada cut their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Capital Power has a consensus rating of “Moderate Buy” and an average target price of C$62.89.

Capital Power Stock Performance

Capital Power stock opened at C$53.54 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The stock has a market cap of C$7.56 billion, a PE ratio of 12.72, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$68.73. The business’s 50-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.