Capital Power (OTCMKTS:CPXWF) had its target price lifted by equities research analysts at TD Securities from $43.00 to $44.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 38.14% from the stock’s current price.
A number of other analysts also recently issued reports on the company. Scotiabank lifted their price objective on Capital Power from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 9th. Royal Bank of Canada upped their target price on Capital Power from $35.00 to $38.00 and gave the company a “sector perform” rating in a research note on Monday, February 22nd. Credit Suisse Group upgraded shares of Capital Power from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 27th. CIBC boosted their price objective on shares of Capital Power from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, April 20th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Capital Power in a research note on Wednesday, January 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.17.
Shares of Capital Power stock opened at $31.85 on Monday. Capital Power has a fifty-two week low of $16.84 and a fifty-two week high of $32.16. The company has a fifty day moving average of $29.89 and a 200 day moving average of $27.62.
Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. It generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. The company owns an approximately 6,500 megawatts of power generation capacity at 28 facilities.
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