Capital Power (TSE:CPX) Price Target Raised to C$85.00

Capital Power (TSE:CPX) had its target price increased by CIBC from C$72.00 to C$85.00 in a research report released on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on CPX. Desjardins increased their price target on Capital Power from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Royal Bank Of Canada upgraded Capital Power from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$65.00 to C$67.00 in a research note on Thursday, July 31st. Evercore ISI upgraded Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. TD Securities increased their price target on Capital Power from C$69.00 to C$72.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Scotiabank increased their price target on Capital Power from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Capital Power has a consensus rating of “Moderate Buy” and an average price target of C$71.67.

Capital Power Stock Down 0.7%

Shares of TSE:CPX opened at C$70.31 on Monday. The company has a market capitalization of C$10.91 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The business has a fifty day moving average price of C$63.73 and a two-hundred day moving average price of C$57.71. Capital Power has a 1 year low of C$41.87 and a 1 year high of C$73.51.

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.