Capital Power (TSE:CPX) Given New C$85.00 Price Target at BMO Capital Markets

Capital Power (TSE:CPX) had its price target raised by BMO Capital Markets from C$75.00 to C$85.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. National Bank Financial upped their price target on Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Wells Fargo & Company set a C$70.00 target price on shares of Capital Power and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Finally, Desjardins raised their price target on Capital Power from C$82.00 to C$88.00 and gave the stock a “top pick” rating in a research report on Friday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$80.00.

Capital Power Stock Up 2.1%

Shares of TSE CPX opened at C$75.95 on Thursday. Capital Power has a 12-month low of C$55.09 and a 12-month high of C$76.42. The firm’s 50-day simple moving average is C$69.82 and its 200 day simple moving average is C$64.93. The company has a market cap of C$11.88 billion, a price-to-earnings ratio of -690.45, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The firm had revenue of C$1.18 billion during the quarter. On average, research analysts expect that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Insider Activity at Capital Power

In related news, insider Jason Daniel Comandante sold 1,500 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the completion of the transaction, the insider owned 8,711 shares in the company, valued at approximately C$652,279.68. This represents a 14.69% decrease in their ownership of the stock. 0.17% of the stock is currently owned by corporate insiders.

About Capital Power

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.