Capital Power Corp (TSE:CPX) was upgraded by equities research analysts at Raymond James Financial Inc. from a “market perform” rating to an “outperform” rating in a report issued on Friday. The firm currently has a C$24.00 price objective on the stock, up from their prior price objective of C$20.00. Raymond James Financial Inc.’s price target indicates a potential upside of 2.39% from the company’s current price.

Several other research firms have also weighed in on CPX. National Bank Financial lifted their price objective on shares of Capital Power Corp from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday. GMP Securities raised shares of Capital Power Corp from a “hold” rating to a “buy” rating in a research note on Friday. BMO Capital Markets lifted their price target on shares of Capital Power Corp from C$21.50 to C$23.50 and gave the company a “market perform” rating in a research note on Friday. Scotiabank reaffirmed an “underperform” rating and issued a C$18.50 price target on shares of Capital Power Corp in a research note on Tuesday, October 25th. Finally, CIBC lowered shares of Capital Power Corp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$22.14.

Analyst Recommendations for Capital Power Corp (TSE:CPX)

Shares of Capital Power Corp (TSE:CPX) opened at 23.26 on Friday. The company’s 50 day moving average is $20.98 and its 200 day moving average is $20.36. The company has a market capitalization of $2.24 billion and a P/E ratio of 23.21. Capital Power Corp has a 12-month low of $15.40 and a 12-month high of $23.79.

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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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