Capital Power Corp (CPX) Price Target Raised to C$23.50
Capital Power Corp (TSE:CPX) had its price target boosted by stock analysts at BMO Capital Markets from C$21.50 to C$23.50 in a report issued on Friday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 9.86% from the stock’s current price.
Several other brokerages have also recently commented on CPX. TD Securities boosted their target price on shares of Capital Power Corp from C$20.00 to C$21.00 and gave the company a “hold” rating in a research report on Tuesday, October 25th. Scotiabank reiterated an “underperform” rating and set a C$18.50 price objective on shares of Capital Power Corp in a research report on Tuesday, October 25th. CIBC cut shares of Capital Power Corp from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 25th. Finally, Royal Bank Of Canada cut shares of Capital Power Corp from a “sector outperform” rating to a “sector perform” rating and set a C$21.00 price objective for the company. in a research report on Tuesday, October 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$22.05.
Shares of Capital Power Corp (TSE:CPX) traded up 7.11% during trading on Friday, hitting $22.91. 1,287,157 shares of the stock were exchanged. Capital Power Corp has a 52 week low of $15.40 and a 52 week high of $23.79. The firm’s 50 day moving average price is $20.83 and its 200-day moving average price is $20.25. The stock has a market cap of $2.20 billion and a P/E ratio of 22.86.
About Capital Power Corp
Capital Power Corp (Capital Power) is a power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. It operates through the operation of electrical generation facilities within Canada (Alberta, British Columbia and Ontario) and in the United States (North Carolina and New Mexico) segment.
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