Scotiabank Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its price objective boosted by Scotiabank from C$66.00 to C$69.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 7.86% from the stock’s current price.

Other analysts have also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday. ATB Capital raised their price target on shares of Capital Power from C$55.00 to C$57.00 in a report on Wednesday, November 27th. Royal Bank of Canada decreased their price target on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. TD Securities raised their price objective on shares of 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. Finally, Desjardins raised their price objective on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Capital Power currently has an average rating of “Hold” and an average price target of C$61.22.

Capital Power Trading Up 1.0 %

Shares of CPX traded up C$0.65 during midday trading on Wednesday, hitting C$63.97. The stock had a trading volume of 287,473 shares, compared to its average volume of 493,073. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$68.73. The business has a 50-day simple moving average of C$57.04 and a two-hundred day simple moving average of C$47.68. The firm has a market cap of C$8.31 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. 0.17% of the stock is owned by insiders.

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.