Capital Power Co. (TSE:CPX) Given Average Rating of “Moderate Buy” by Brokerages

Capital Power Co. (TSE:CPX) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$71.67.

A number of analysts have weighed in on the stock. TD Securities increased their target price on shares of Capital Power from C$69.00 to C$72.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Scotiabank increased their target price on shares of Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Monday. Evercore ISI raised shares of Capital Power to a “strong-buy” rating in a research report on Monday, October 6th. Royal Bank Of Canada raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$65.00 to C$67.00 in a research report on Thursday, July 31st. Finally, National Bankshares raised their price objective on shares of Capital Power from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th.

Capital Power Stock Performance

TSE:CPX opened at C$70.31 on Thursday. The company has a market capitalization of C$10.91 billion, a PE ratio of 22.54, a P/E/G ratio of 0.91 and a beta of 0.49. The company has a 50 day simple moving average of C$63.73 and a two-hundred day simple moving average of C$57.71. 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 fifty-two week low of C$41.87 and a fifty-two week high of C$73.51.

Capital Power Company Profile

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.