Trade Report: Today: Capital Power Corp (CPX) Given New C$23.00 Price Target at CIBC

Today: Capital Power Corp (CPX) Given New C$23.00 Price Target at CIBC

Capital Power Corp (TSE:CPX) had its price target hoisted by equities research analysts at CIBC from C$22.00 to C$23.00 in a research note issued to investors on Monday. CIBC’s target price points to a potential downside of 1.88% from the company’s current price.

Several other research firms have also weighed in on CPX. National Bank Financial lifted their price objective on shares of Capital Power Corp from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday. Scotiabank lifted their price objective on shares of Capital Power Corp from C$18.50 to C$21.00 and gave the stock a “sector perform” rating in a research note on Friday. TD Securities lifted their price objective on shares of Capital Power Corp from C$21.00 to C$23.00 and gave the stock a “hold” 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, Raymond James Financial Inc. raised shares of Capital Power Corp from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$20.00 to C$24.00 in a research note on Friday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$22.14.

Capital Power Corp (TSE:CPX) traded down 0.77% on Monday, reaching $23.26. 643,403 shares of the company’s stock traded hands. The firm has a market cap of $2.24 billion and a price-to-earnings ratio of 23.21. Capital Power Corp has a 52-week low of $15.40 and a 52-week high of $23.79. The stock’s 50 day moving average is $20.90 and its 200 day moving average is $20.29.

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