Trading Report: Today, Capital Power Corp (CPX) Upgrade to “Buy” by GMP Securities

Today, Capital Power Corp (CPX) Upgrade to “Buy” by GMP Securities

Capital Power Corp (TSE:CPX) was upgraded by investment analysts at GMP Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, StockTargetPrices.com reports.

A number of other research firms have also recently commented on CPX. BMO Capital Markets boosted their price target on shares of Capital Power Corp from C$21.50 to C$23.50 and gave the stock a “market perform” rating in a research note on Friday. Scotiabank reissued an “underperform” rating and issued a C$18.50 price target on shares of Capital Power Corp in a research note on Tuesday, October 25th. CIBC cut shares of Capital Power Corp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 25th. TD Securities boosted their price target on shares of Capital Power Corp from C$20.00 to C$21.00 and gave the stock a “hold” rating in a research note on Tuesday, October 25th. Finally, Royal Bank Of Canada cut shares of Capital Power Corp from a “sector outperform” rating to a “sector perform” rating and set a C$21.00 price target for the company. in a research note on Tuesday, October 25th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Capital Power Corp currently has an average rating of “Hold” and an average price target of C$22.05.

Capital Power Corp (TSE:CPX) traded up 7.11% during trading on Friday, hitting $22.91. 1,287,157 shares of the stock traded hands. The stock has a market cap of $2.20 billion and a PE ratio of 22.86. The company 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.

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