Stock Rating Runner: GMP Securities Gives Capital Power Corporation (TSE:CPX) Higher Rating. What Is Next?

November 25, 2016 - By Peter Kolinski

Capital Power Corporation (TSE:CPX) Upgrade

GMP Securities gave Capital Power Corporation (TSE:CPX) shares a new Buy rating in a analysts report revealed on Friday morning. This is increase from the old Hold rating.

Capital Power Corp (TSE:CPX) Ratings Coverage

Out of 5 analysts covering Capital Power Corporation (TSE:CPX), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. $26 is the highest target while $18 is the lowest. The $21 average target is -8.26% below today’s ($22.89) stock price. Capital Power Corporation has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Scotia Capital given on Tuesday, October 25. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, October 25. IBC downgraded Capital Power Corp (TSE:CPX) on Wednesday, November 25 to “Target Price” rating. Scotia Capital maintained Capital Power Corp (TSE:CPX) rating on Tuesday, July 28. Scotia Capital has “Sector Perform” rating and $25 price target.

About 1.29 million shares traded hands or 372.81% up from the average. Capital Power Corp (TSE:CPX) has risen 18.83% since April 21, 2016 and is uptrending. It has outperformed by 13.42% the S&P500.

Capital Power Corp is a power producing company. The company has a market cap of $2.24 billion. The Firm develops, acquires, operates and optimizes power generation from a range of energy sources. It has a 22.86 P/E ratio. 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.

More recent Capital Power Corp (TSE:CPX) news were published by: Business.Financialpost.com which released: “Capital Power Corp downgraded despite strong Q3” on October 25, 2016. Also Business.Financialpost.com published the news titled: “Capital Power upgraded on Alberta compensation for stranded coal assets” on November 25, 2016. Cbc.ca‘s news article titled: “Capital Power ditches deal to buy power of Sundance coal-fired plant” with publication date: March 24, 2016 was also an interesting one.

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