Trade Report: Today, Capital Power Corp (CPX) Price Target Raised to C$23.00

Today, Capital Power Corp (CPX) Price Target Raised to C$23.00

Capital Power Corp (TSE:CPX) had its price target upped by stock analysts at TD Securities from C$21.00 to C$23.00 in a note issued to investors on Friday, StockTargetPrices.com reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 7.53% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Scotiabank lifted their price target on shares of Capital Power Corp from C$18.50 to C$21.00 and gave the company a “sector perform” rating in a research note on Friday. Raymond James Financial Inc. raised shares of Capital Power Corp from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$20.00 to C$24.00 in a research note on Friday. National Bank Financial lifted their price target on shares of Capital Power Corp from C$24.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday. GMP Securities raised shares of Capital Power Corp from a “hold” rating to a “buy” rating in a research note on Friday. Finally, BMO Capital Markets lifted their price target on shares of Capital Power Corp from C$21.50 to C$23.50 and gave the company a “market perform” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Capital Power Corp has a consensus rating of “Hold” and a consensus target price of C$22.05.

Capital Power Corp (TSE:CPX) traded up 8.32% during trading on Friday, reaching $23.17. The company had a trading volume of 1,356,392 shares. Capital Power Corp has a 12-month low of $15.40 and a 12-month high of $23.79. The stock has a market capitalization of $2.23 billion and a P/E ratio of 23.12. The stock has a 50 day moving average of $20.83 and a 200-day moving average of $20.25.

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