Capital Power (TSE:CPX) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Capital Power Co. (TSE:CPX) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$58.78 and traded as high as C$73.65. Capital Power shares last traded at C$71.54, with a volume of 1,238,251 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. CIBC lifted their price target on shares of Capital Power from C$72.00 to C$85.00 and gave the company an “outperform” rating in a report on Monday, October 20th. ATB Capital lifted their price target on shares of Capital Power from C$60.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday, September 19th. Royal Bank Of Canada upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$65.00 to C$67.00 in a research report on Thursday, July 31st. National Bankshares lifted their price target on Capital Power from C$64.00 to C$66.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Finally, TD Securities lifted their price target on Capital Power from C$72.00 to C$78.00 and gave the company a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital Power currently has an average rating of “Moderate Buy” and a consensus price target of C$72.33.

Capital Power Trading Up 1.3%

The business’s 50 day moving average price is C$64.77 and its two-hundred day moving average price is C$58.78. The company has a market capitalization of C$11.10 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05.

About Capital Power

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.