Stock Analysis:Capital Power Corp (TSE:CPX) Stock Target Upgraded
In an analyst research report disseminated by National Bank Financial on Friday morning, Capital Power Corp (TSE:CPX) had its target price raised to $20.00. The firm now has a solid Sector Perform rating on shares.
From a total of 9 analysts covering Capital Power Corporation (TSE:CPX) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 20% of the ratings are positive. The highest target price is $17.96 while the lowest target price is $13.47. The mean of all analyst targets is $15.47 with a 35.46% above today’s ($16.61) stock price. Capital Power Corporation was the topic of 10 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. IBC downgraded shares on November 25 to “Target Price” rating.
The stock decreased 2.41% or $0.41 on December 4, striking $16.61. Approximately shares of stock traded hands. Capital Power Corporation (TSE:CPX) has declined 33.82% since May 4, 2015 and is downtrending. It has underperformed by 32.75% the S&P500.
Capital Power Corporation is a Canada power producing company. The company has a market cap of $1.69 billion. The Firm develops, acquires, operates and optimizes power generation from a range of energy sources. It has 19.75 P/E ratio. Capital Power owns over 2,700 megawatts (MW) of power generation capacity at 15 facilities across North America and owns 371 MW of capacity through its interest in Sundance PPA.