Capital Power (TSE:CPX) Price Target Raised to C$80.00

Capital Power (TSE:CPX) had its price target lifted by Scotiabank from C$75.00 to C$80.00 in a report published on Monday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other research analysts have also recently commented on CPX. CIBC raised their price target on Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. ATB Capital raised their price target on Capital Power from C$60.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Friday, September 19th. Desjardins lifted their target price on Capital Power from C$75.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Evercore ISI upgraded Capital Power to a “strong-buy” rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada upgraded Capital Power from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$65.00 to C$67.00 in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital Power has an average rating of “Moderate Buy” and an average price target of C$71.67.

Capital Power Stock Down 0.7%

Shares of TSE CPX opened at C$70.31 on Monday. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. Capital Power has a 52 week low of C$41.87 and a 52 week high of C$73.51. The stock has a market capitalization of C$10.91 billion, a P/E ratio of 22.54, a PEG ratio of 0.91 and a beta of 0.49. The stock’s fifty day moving average is C$63.73 and its 200 day moving average is C$57.71.

About Capital Power

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.