Capital Power (TSE:CPX) Given New C$66.00 Price Target at TD Securities

Capital Power (TSE:CPX) had its price target trimmed by TD Securities from C$70.00 to C$66.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. CIBC upgraded Capital Power from a “neutral” rating to an “outperform” rating and lowered their target price for the company from C$68.00 to C$64.00 in a research note on Tuesday, February 18th. ATB Capital dropped their price objective on shares of Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets cut their price target on Capital Power from C$68.00 to C$64.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. Cibc World Mkts raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Finally, Desjardins increased their target price on Capital Power from C$66.00 to C$69.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Capital Power presently has a consensus rating of “Moderate Buy” and an average target price of C$64.00.

Capital Power Trading Up 1.0 %

Shares of CPX opened at C$50.69 on Wednesday. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$68.73. The firm has a market capitalization of C$7.16 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.91 and a beta of 0.64. The firm’s 50-day moving average price is C$48.25 and its 200-day moving average price is C$54.46. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.