Raymond James set a C$36.00 target price on Capital Power (TSE:CPX) in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other analysts have also issued reports on CPX. CIBC reduced their target price on Capital Power from C$33.00 to C$32.00 in a report on Wednesday, October 23rd. National Bank Financial lifted their price target on Capital Power from C$39.00 to C$40.00 and gave the company an outperform rating in a report on Friday. Royal Bank of Canada upped their price target on Capital Power from C$31.00 to C$33.00 and gave the company a sector perform rating in a research report on Friday. BMO Capital Markets increased their price objective on Capital Power from C$29.00 to C$32.00 in a research note on Friday. Finally, Scotiabank increased their price objective on Capital Power from C$31.00 to C$34.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Capital Power has an average rating of Buy and an average price target of C$34.50.
TSE CPX traded up C$0.43 on Friday, hitting C$34.03. 368,032 shares of the stock were exchanged, compared to its average volume of 300,314. Capital Power has a 52-week low of C$25.33 and a 52-week high of C$34.25. The company has a debt-to-equity ratio of 117.38, a current ratio of 0.71 and a quick ratio of 0.30. The company has a market capitalization of $3.59 billion and a price-to-earnings ratio of 83.82. The company’s 50-day moving average price is C$31.95 and its two-hundred day moving average price is C$30.86.
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 5,100 megawatts of power generation capacity.
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