Capital Power (TSE:CPX) PT Lowered to C$38.00
Capital Power (TSE:CPX) had its price target lowered by research analysts at National Bank Financial from C$39.00 to C$38.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 34.13% from the stock’s current price.
Several other research analysts have also commented on the company. CIBC raised their price objective on Capital Power from C$30.00 to C$33.00 in a research report on Thursday, April 23rd. AltaCorp Capital reissued an “outperform” rating on shares of Capital Power in a research report on Monday, July 6th. Raymond James set a C$36.00 price objective on Capital Power and gave the company an “outperform” rating in a research report on Thursday, July 16th. Finally, Scotiabank cut their price objective on Capital Power from C$37.00 to C$34.00 in a research report on Tuesday, May 5th. One research analyst has rated the stock with a hold rating and five 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$36.00.
Shares of CPX opened at C$28.33 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.54 and a debt-to-equity ratio of 118.42. The firm has a market capitalization of $2.99 billion and a P/E ratio of 217.92. The stock’s fifty day simple moving average is C$27.68 and its 200 day simple moving average is C$29.66. Capital Power has a twelve month low of C$20.23 and a twelve month high of C$38.88.
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.
Further Reading: Hedge Funds – How They Work For Investors
Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.