Today, Capital Power Corp (CPX) Price Target Raised to C$21.00 at Scotiabank

Today, Capital Power Corp (CPX) Price Target Raised to C$21.00 at Scotiabank
Capital Power Corp (TSE:CPX) had its price target raised by Scotiabank from C$18.50 to C$21.00 in a report issued on Friday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential downside of 1.82% from the company’s previous close.

A number of other research firms have also recently issued reports on CPX. National Bank Financial increased their target price on Capital Power Corp from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday. GMP Securities upgraded Capital Power Corp from a “hold” rating to a “buy” rating in a report on Friday. Raymond James Financial Inc. upgraded Capital Power Corp from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$20.00 to C$24.00 in a report on Friday. BMO Capital Markets increased their target price on Capital Power Corp from C$21.50 to C$23.50 and gave the stock a “market perform” rating in a report on Friday. Finally, CIBC cut Capital Power Corp from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$22.05.

Shares of Capital Power Corp (TSE:CPX) traded up 7.11% during trading on Friday, reaching $22.91. The company had a trading volume of 1,287,157 shares. The company has a market cap of $2.20 billion and a price-to-earnings ratio of 22.86. The firm has a 50 day moving average price of $20.83 and a 200 day moving average price of $20.25. Capital Power Corp has a 12 month low of $15.40 and a 12 month high of $23.79.

Capital Power Corp Company Profile

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