Scotiabank Raises Capital Power (OTCMKTS:CPXWF) Price Target to $42.00

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Capital Power (OTCMKTS:CPXWF) had its price objective boosted by analysts at Scotiabank from $40.00 to $42.00 in a report issued on Monday, The Fly reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 31.87% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. National Bank Financial reissued an “outperform” rating on shares of Capital Power in a research note on Wednesday, January 27th. Royal Bank of Canada lifted their price objective on shares of Capital Power from $35.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, February 22nd. TD Securities lifted their target price on Capital Power from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Monday. Desjardins began coverage on Capital Power in a report on Monday, January 25th. They issued a “buy” rating on the stock. Finally, Credit Suisse Group upgraded shares of Capital Power from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $42.17.

Capital Power stock opened at $31.85 on Monday. Capital Power has a 1 year low of $16.84 and a 1 year high of $32.16. The firm’s 50 day moving average price is $29.89 and its 200-day moving average price is $27.62.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. It generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. The company owns an approximately 6,500 megawatts of power generation capacity at 28 facilities.

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Analyst Recommendations for Capital Power (OTCMKTS:CPXWF)

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