Capital Power (TSE:CPX) Given a C$80.00 Price Target at Royal Bank Of Canada

by · The Markets Daily

Capital Power (TSE:CPX – Get Free Report) has been given a C$80.00 price objective by Royal Bank Of Canada in a research note issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 29.60% from the company’s previous close.

Several other research firms also recently commented on CPX. BMO Capital Markets decreased their price objective on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. National Bank Financial increased their target price on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce lowered their target price on Capital Power from C$85.00 to C$83.00 in a research note on Thursday, July 30th. Desjardins lifted their price target on Capital Power from C$82.00 to C$88.00 and gave the company a “top pick” rating in a research report on Friday, July 3rd. Finally, Wells Fargo & Company upped their price target on Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$80.10.

View Our Latest Stock Report on CPX

Capital Power Price Performance

Shares of CPX stock traded up C$2.17 during trading hours on Thursday, reaching C$61.73. The stock had a trading volume of 216,653 shares, compared to its average volume of 666,043. The stock’s fifty day simple moving average is C$66.76 and its 200 day simple moving average is C$67.20. The firm has a market capitalization of C$9.70 billion, a PE ratio of 108.30, a PEG ratio of 0.91 and a beta of 0.61. Capital Power has a 12 month low of C$56.48 and a 12 month high of C$77.02. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 150.64.

Capital Power (TSE:CPX – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C($0.33) earnings per share for the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%.The firm had revenue of C$714.00 million for the quarter. On average, equities research analysts predict that Capital Power will post 2.8197088 EPS for the current year.

Insider Buying and Selling at Capital Power

In other news, insider Jason Daniel Comandante sold 1,500 shares of Capital Power stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total value of C$112,320.00. Following the completion of the transaction, the insider owned 8,711 shares of the company’s stock, valued at C$652,279.68. The trade was a 14.69% decrease in their position. 0.17% of the stock is owned by insiders.

Capital Power Company Profile

(Get Free Report)

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.

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