Capital Power (TSE:CPX) Upgraded at Cibc World Mkts

Capital Power (TSE:CPX) was upgraded by investment analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Scotiabank lifted their price target on Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. CIBC raised shares of Capital Power from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from C$68.00 to C$64.00 in a research note on Tuesday. National Bankshares increased their price target on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. ATB Capital lifted their price target on shares of Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 18th. Finally, Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Capital Power currently has an average rating of “Moderate Buy” and an average target price of C$62.89.

Capital Power Price Performance

TSE:CPX opened at C$53.54 on Tuesday. The stock has a 50 day moving average price of C$58.79 and a 200 day moving average price of C$53.64. The stock has a market cap of C$7.56 billion, a PE ratio of 12.72, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. Capital Power has a one year low of C$33.90 and a one year high of C$68.73.

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.