Scotiabank Raises Capital Power (TSE:CPX) Price Target to C$49.00

Capital Power (TSE:CPX – Get Rating) had its target price raised by Scotiabank from C$46.00 to C$49.00 in a research report released on Wednesday morning, BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Credit Suisse Group boosted their price objective on shares of Capital Power from C$50.00 to C$54.00 and gave the company an outperform rating in a report on Monday, July 25th. BMO Capital Markets upped their price target on shares of Capital Power from C$43.00 to C$46.00 in a report on Wednesday, July 13th. National Bankshares upped their price target on shares of Capital Power from C$48.00 to C$50.00 and gave the company an outperform rating in a report on Thursday, July 14th. ATB Capital upped their price target on shares of Capital Power from C$46.00 to C$49.00 and gave the company a sector perform rating in a report on Wednesday. Finally, CIBC upped their price target on shares of Capital Power from C$44.00 to C$45.00 and gave the company a neutral rating in a report on Tuesday, May 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Capital Power currently has an average rating of Moderate Buy and an average price target of C$50.70.

Capital Power Price Performance

Shares of CPX opened at C$49.33 on Wednesday. The firm has a market capitalization of C$5.75 billion and a PE ratio of 94.87. The company has a debt-to-equity ratio of 110.14, a current ratio of 0.82 and a quick ratio of 0.57. Capital Power has a 1-year low of C$36.65 and a 1-year high of C$49.87. The company’s fifty day moving average price is C$46.21 and its 200-day moving average price is C$42.96.

Insiders Place Their Bets

In related news, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of C$44.72, for a total transaction of C$268,338.00. Following the completion of the transaction, the insider now owns 24,549 shares in the company, valued at approximately C$1,097,904.93. In related news, Senior Officer Bryan Deneve sold 1,600 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of C$43.85, for a total transaction of C$70,160.00. Following the completion of the transaction, the insider now owns 18,400 shares in the company, valued at approximately C$806,840. Also, Senior Officer Burness Kathryn Chisholm sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of C$44.72, for a total transaction of C$268,338.00. Following the transaction, the insider now owns 24,549 shares of the company’s stock, valued at approximately C$1,097,904.93.

Capital Power Company Profile

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Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 6,600 megawatts of power generation capacity at 26 facilities.