Capital Power (CPX) Upgraded to “Outperform” by CIBC
CIBC upgraded shares of Capital Power (TSE:CPX) from a neutral rating to an outperform rating in a research note published on Tuesday. They currently have C$27.00 price objective on the stock, down from their prior price objective of C$27.50.
Several other equities research analysts have also recently commented on the stock. BMO Capital Markets reaffirmed an outperform rating and issued a C$28.00 price objective on shares of Capital Power in a research report on Friday, December 15th. National Bank Financial boosted their price objective on shares of Capital Power from C$33.00 to C$34.00 and gave the company an outperform rating in a research report on Thursday, December 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of C$28.83.
Shares of Capital Power (TSE:CPX) opened at C$23.95 on Tuesday. The company has a market cap of $2,500.00, a price-to-earnings ratio of 16.87 and a beta of 0.34. Capital Power has a 52-week low of C$22.15 and a 52-week high of C$26.51.
In other Capital Power news, Director Katharine Berghuis Stevenson purchased 2,000 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of C$23.40 per share, for a total transaction of C$46,800.00.
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About Capital Power
Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.
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