Today’s Rating On Watch: Capital Power Corporation (TSE:CPX) Gets Higher Target From Scotia Capital. Firm Sees -8.58% Upside

November 25, 2016 - By Marie Mckinney

Capital Power Corporation (TSE:CPX) Target Change

In analysts report revealed on Friday morning, Capital Power Corporation (TSE:CPX) had its PT raised by Scotia Capital from $18.50 to $21.00. Scotia Capital currently has a “Sector Perform” rating on the Toronto-listed company.

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. Scotia Capital maintained it with “Sector Perform” rating and $25 target price in Tuesday, July 28 report. The stock has “Target Price” rating given by IBC on Wednesday, November 25. The firm earned “Underperform” rating on Tuesday, October 25 by Scotia Capital. The firm has “Sector Perform” rating given on Tuesday, October 25 by RBC Capital Markets.

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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