Capital Power Corp (CPX) Given Consensus Recommendation of “Buy” by Brokerages

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Capital Power Corp (TSE:CPX) has earned a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$30.00.

Several equities research analysts recently commented on CPX shares. CIBC boosted their target price on Capital Power from C$29.00 to C$30.00 in a report on Wednesday, October 24th. Raymond James boosted their target price on Capital Power from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. National Bank Financial boosted their target price on Capital Power from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. CSFB boosted their target price on Capital Power from C$26.00 to C$28.00 and gave the stock a “neutral” rating in a report on Friday, September 7th. Finally, TD Securities boosted their target price on Capital Power from C$29.00 to C$31.00 and gave the stock a “buy” rating in a report on Friday, September 7th.

Shares of TSE CPX traded down C$1.03 during midday trading on Thursday, hitting C$26.45. 463,499 shares of the company’s stock were exchanged, compared to its average volume of 237,794. Capital Power has a twelve month low of C$22.15 and a twelve month high of C$29.79.

About Capital Power

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.

Further Reading: Google Finance

Analyst Recommendations for Capital Power (TSE:CPX)

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