Capital Power Co. (TSE:CPX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Capital Power Co. (TSE:CPX) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$64.00.

A number of research firms have recently issued reports on CPX. Desjardins boosted their price objective on Capital Power from C$67.00 to C$68.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. BMO Capital Markets upgraded Capital Power from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. TD Securities lowered their price target on Capital Power from C$70.00 to C$66.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Jefferies Financial Group cut shares of Capital Power from a “buy” rating to a “hold” rating and increased their target price for the stock from C$59.00 to C$60.00 in a research report on Thursday, June 12th. Finally, National Bankshares dropped their target price on shares of Capital Power from C$65.00 to C$62.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st.

Insider Activity

In other news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$52.95, for a total transaction of C$105,900.00. Also, Senior Officer Sandra Anne Haskins sold 5,710 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$53.00, for a total value of C$302,631.14. Insiders have sold 8,672 shares of company stock valued at $460,121 over the last 90 days. 0.17% of the stock is owned by company insiders.

Capital Power Stock Performance

Shares of TSE CPX opened at C$58.69 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The business’s 50 day moving average is C$55.07 and its two-hundred day moving average is C$53.28. The company has a market cap of C$8.29 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 12 month low of C$39.95 and a 12 month high of C$68.73.

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.