Capital Power Co. (TSE:CPX) Receives C$61.22 Consensus Price Target from Brokerages

Capital Power Co. (TSE:CPX) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$62.78.

Several equities research analysts have issued reports on CPX shares. CIBC boosted their price target on shares of Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a report on Tuesday. National Bankshares upped their target price 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 lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. ATB Capital raised their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 18th. Finally, Desjardins boosted their price objective on Capital Power from C$60.00 to C$64.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th.

Capital Power Trading Up 0.8 %

Shares of CPX opened at C$64.02 on Friday. The stock’s 50-day moving average price is C$58.04 and its 200 day moving average price is C$48.38. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The firm has a market capitalization of C$8.32 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$68.73.

Capital Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.652 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a yield of 4.07%. Capital Power’s dividend payout ratio is presently 51.68%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Company insiders own 0.17% of the company’s stock.

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.