Capital Power Corp (CPX) Director Brian Tellef Vaasjo Purchases 3,000 Shares of Stock

Capital Power Corp (TSE:CPX) Director Brian Tellef Vaasjo purchased 3,000 shares of Capital Power stock in a transaction on Friday, November 9th. The shares were acquired at an average cost of C$26.14 per share, for a total transaction of C$78,420.00.

Shares of CPX traded up C$0.05 during trading hours on Friday, hitting C$26.30. The stock had a trading volume of 504,800 shares, compared to its average volume of 241,158. The company has a quick ratio of 0.46, a current ratio of 0.74 and a debt-to-equity ratio of 70.06. Capital Power Corp has a 12-month low of C$22.15 and a 12-month high of C$29.79.

A number of research analysts have weighed in on CPX shares. National Bank Financial increased their price target on Capital Power from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, September 7th. Raymond James reaffirmed an “outperform” rating and issued a C$30.00 target price on shares of Capital Power in a research report on Tuesday, July 31st. Industrial Alliance Securities lowered Capital Power from a “buy” rating to a “hold” rating and cut their target price for the stock from C$31.00 to C$30.00 in a research report on Tuesday, October 9th. CSFB increased their target price on Capital Power from C$26.00 to C$28.00 and gave the stock a “neutral” rating in a research report on Friday, September 7th. Finally, TD Securities increased their target price on Capital Power from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Capital Power has a consensus rating of “Buy” and an average price target of C$30.00.

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Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 4,500 megawatts of power generation capacity.

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