Capital Power (TSE:CPX) Given New C$64.00 Price Target at BMO Capital Markets

Capital Power (TSE:CPX) had its target price trimmed by BMO Capital Markets from C$68.00 to C$64.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Other research analysts have also issued research reports about the company. Royal Bank of Canada reduced their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. National Bankshares upped their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Cibc World Mkts raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Finally, CIBC upgraded shares of Capital Power from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from C$68.00 to C$64.00 in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$62.33.

Capital Power Stock Performance

CPX opened at C$50.65 on Thursday. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73. The stock has a market cap of C$7.15 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The business’s 50 day moving average is C$57.84 and its 200-day moving average is C$54.04. 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.