Capital Power (TSE:CPX) PT Set at C$80.00 by Royal Bank Of Canada

Capital Power (TSE:CPXGet Free Report) received a C$80.00 price objective from equities researchers at Royal Bank Of Canada in a research note issued on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 29.60% from the company’s current price.

CPX has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. BMO Capital Markets lowered their price objective on shares of Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Desjardins increased their target price on shares of Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a research report on Friday, July 3rd. National Bank Financial lifted their price target on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Capital Power from C$85.00 to C$83.00 in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Capital Power currently has a consensus rating of “Buy” and an average target price of C$80.10.

Read Our Latest Stock Report on CPX

Capital Power Stock Up 3.6%

CPX stock traded up C$2.17 during midday trading on Thursday, reaching C$61.73. 216,653 shares of the company’s stock traded hands, compared to its average volume of 666,043. The company has a market cap of C$9.70 billion, a price-to-earnings ratio of 108.30, a P/E/G ratio of 0.91 and a beta of 0.61. The firm’s fifty day moving average price is C$66.76 and its 200-day moving average price is C$67.20. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 150.64. Capital Power has a 52 week low of C$56.48 and a 52 week high of C$77.02.

Capital Power (TSE:CPXGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($0.33) earnings per share for the quarter. The business had revenue of C$714.00 million during the quarter. Capital Power had a net margin of 3.05% and a return on equity of 2.31%. As a group, sell-side analysts forecast that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jason Daniel Comandante sold 1,500 shares of Capital Power stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total value of C$112,320.00. Following the completion of the transaction, the insider directly owned 8,711 shares in the company, valued at approximately C$652,279.68. The trade was a 14.69% decrease in their position. Company insiders own 0.17% of the company’s stock.

Capital Power Company Profile

(Get Free Report)

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.

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Analyst Recommendations for Capital Power (TSE:CPX)

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