TD Securities Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its price objective upped by equities research analysts at TD Securities from C$72.00 to C$78.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 9.03% from the company’s current price.

A number of other research firms also recently weighed in on CPX. ATB Capital boosted their target price on shares of Capital Power from C$60.00 to C$68.00 and gave the stock a “sector perform” rating in a report on Friday, September 19th. National Bankshares lifted their price target on shares of Capital Power from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Evercore ISI raised shares of Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. Scotiabank lifted their price target on shares of Capital Power from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Finally, CIBC lifted their price target on shares of Capital Power from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$72.33.

Capital Power Stock Performance

Capital Power stock opened at C$71.54 on Tuesday. The company’s 50-day moving average price is C$64.77 and its 200-day moving average price is C$58.78. Capital Power has a twelve month low of C$41.87 and a twelve month high of C$73.65. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The company has a market cap of C$11.10 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49.

Capital Power Company Profile

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.