Capital Power Corporation (TSE:CPX) target price raised to $23.00, issued a report earlier today by CIBC World Markets
- Updated: November 28, 2016
Stating a potential downside of -0.01%, CIBC World Markets bumped up the target of Capital Power Corporation (TSE:CPX) to $23.00
Previously on 11/25/2016, BMO Capital Markets reported about Capital Power Corporation (TSE:CPX) upped the target price from $21.50 to $23.50. At the time, this indicated a possible upside of 0.02%.
Only yesterday Capital Power Corporation (TSE:CPX) traded -2.35% lower at $23.29. CPX’s 50-day average is $20.90 and its two hundred day average is $20.29. With the last stock price close up 12.79% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 206,270 shares of CPX traded hands, down from an average trading volume of 287,147
Capital Power Corporation has a one year low of $15.40 and a one year high of $23.79 with a price-earnings ratio of 22.84 The company’s market cap is currently $0.
In addition to CIBC World Markets reporting its stock price target, a total of 9 brokers have issued a research note on CPX. The one year target is $17.25 with zero firms rating the stock a strong buy, 2 firms rating the stock a buy, seven equity analysts rating the company a hold, two equity analysts rating the stock a underperform, and finally 0 brokers rating the stock a sell.
About Capital Power Corporation (TSE:CPX)
Capital Power Corp (Capital Power) is a power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. It operates through the operation of electrical generation facilities within Canada (Alberta, British Columbia and Ontario) and in the United States (North Carolina and New Mexico) segment. It also holds a portfolio of wind and solar development sites in the United States. Capital Power owns over 3,200 megawatts (MW) of power generation capacity across North America and owns approximately 370 MW of capacity through its interest in Sundance power purchase agreement (PPA). It has over 530 MW of owned capacity under construction or in advanced stages of development in Alberta. It owns approximately 2,370 MW of power generation capacity in Alberta, with ownership interests in over nine facilities. Its power generation operations and assets are owned by Capital Power L.P. (CPLP), a subsidiary of the Company.
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