Capital Power (TSE:CPX) Given New C$64.00 Price Target at Desjardins

Capital Power (TSE:CPX) had its price target raised by Desjardins from C$60.00 to C$64.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other brokerages also recently commented on CPX. Scotiabank raised their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities increased their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. National Bankshares lifted their price target 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. Finally, Royal Bank of Canada decreased their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$61.22.

Capital Power Stock Performance

TSE CPX opened at C$62.76 on Wednesday. The firm’s fifty day moving average price is C$57.04 and its two-hundred day moving average price is C$47.68. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$68.73. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The stock has a market cap of C$8.16 billion, a PE ratio of 12.43, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid 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 4.16%. Capital Power’s dividend payout ratio (DPR) is currently 51.68%.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. 0.17% of the stock is currently owned by corporate insiders.

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.