Capital Power (TSE:CPX) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Capital Power Co. (TSE:CPX)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$54.81 and traded as low as C$41.87. Capital Power shares last traded at C$44.47, with a volume of 1,413,764 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on CPX. BMO Capital Markets cut their target price on shares of Capital Power from C$68.00 to C$64.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. ATB Capital reduced their price objective on shares of 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. Scotiabank boosted their price target on 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. Desjardins lifted their price objective on Capital Power from C$66.00 to C$69.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Cibc World Mkts raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Capital Power currently has an average rating of “Moderate Buy” and an average target price of C$62.33.

Capital Power Trading Up 0.4 %

The company has a market capitalization of C$6.28 billion, a P/E ratio of 10.57, a PEG ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The business’s 50-day moving average price is C$50.15 and its two-hundred day moving average price is C$54.81.

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.