Brokerages Set Capital Power Co. (OTCMKTS:CPXWF) Price Target at $44.94

Capital Power Co. (OTCMKTS:CPXWF) has received an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $44.94.

Several research analysts have recently issued reports on the company. Scotiabank increased their price target on Capital Power from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 3rd. CIBC increased their price target on Capital Power from C$42.00 to C$43.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 3rd. Desjardins increased their price target on Capital Power from C$44.00 to C$47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 4th. Raymond James increased their price target on Capital Power from C$44.00 to C$48.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 3rd. Finally, iA Financial cut Capital Power to a “hold” rating in a research note on Tuesday, August 3rd.

Shares of CPXWF opened at $34.72 on Friday. The stock has a fifty day moving average price of $33.59 and a 200 day moving average price of $31.93. Capital Power has a 12 month low of $20.75 and a 12 month high of $35.00.

Capital Power Company Profile

Capital Power Corp. engages in the development, acquisition, construction, operation, and optimization of power generation facilities. Its projects include Halkirk, Port Dover and Nanticoke, Keephills 3, and K2 wind power. The company was founded on May 1, 2009 and is headquartered in Edmonton, Canada.

Recommended Story: Dividend Aristocrat Index

Analyst Recommendations for Capital Power (OTCMKTS:CPXWF)

Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.