Capital Power Co. (TSE:CPX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Capital Power Co. (TSE:CPX) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$62.33.

CPX has been the subject of several recent research reports. ATB Capital decreased their price objective on Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. TD Securities lifted their price target on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. CIBC upgraded Capital Power from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from C$68.00 to C$64.00 in a research report on Tuesday, February 18th. Scotiabank boosted their target price on Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, BMO Capital Markets lowered their price objective on Capital Power from C$68.00 to C$64.00 and set a “market perform” rating for the company in a research report on Thursday, February 27th.

Capital Power Trading Down 0.1 %

Shares of Capital Power stock opened at C$47.24 on Wednesday. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The firm has a market cap of C$6.67 billion, a PE ratio of 11.22, a P/E/G ratio of 0.91 and a beta of 0.64. The stock has a fifty day moving average price of C$55.80 and a 200-day moving average price of C$54.33. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55.

About Capital Power

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.