Capital Power (TSE:CPX) Price Target Cut to C$64.00 by Analysts at BMO Capital Markets

Capital Power (TSE:CPX) had its price objective reduced by analysts at BMO Capital Markets from C$68.00 to C$64.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 24.73% from the stock’s current price.

Several other equities analysts have also commented on the stock. CIBC raised shares of Capital Power from a “neutral” rating to an “outperform” rating and reduced their target price for the company from C$68.00 to C$64.00 in a report on Tuesday, February 18th. Scotiabank raised their price objective on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Desjardins lifted their price objective on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Cibc World Mkts upgraded Capital Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Finally, Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Capital Power currently has a consensus rating of “Moderate Buy” and an average price target of C$62.33.

Capital Power Price Performance

CPX traded up C$0.12 during midday trading on Thursday, hitting C$51.31. The stock had a trading volume of 585,165 shares, compared to its average volume of 905,980. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The business has a fifty day moving average of C$57.84 and a 200 day moving average of C$54.04. The company has a market cap of C$7.25 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

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.