Trade Report: Today, Capital Power Corp (CPX) PT Raised to C$28.00

Today, Capital Power Corp (CPX) PT Raised to C$28.00

Capital Power Corp (TSE:CPX) had its price target hoisted by analysts at National Bank Financial from C$24.00 to C$28.00 in a report released on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 19.45% from the company’s previous close.

A number of other brokerages have also weighed in on CPX. GMP Securities raised shares of Capital Power Corp from a “hold” rating to a “buy” rating in a research note on Friday. TD Securities increased their target price on shares of Capital Power Corp from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Tuesday, October 25th. BMO Capital Markets increased their target price 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. Scotiabank reissued an “underperform” rating and set a C$18.50 target price on shares of Capital Power Corp in a research note on Tuesday, October 25th. Finally, CIBC lowered shares of Capital Power Corp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$22.14.

Shares of Capital Power Corp (TSE:CPX) opened at 23.26 on Friday. The stock’s 50 day moving average is $20.98 and its 200 day moving average is $20.36. Capital Power Corp has a 52 week low of $15.40 and a 52 week high of $23.79. The stock has a market capitalization of $2.24 billion and a PE ratio of 23.21.

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