Capital Power (CPX) Hits New 12-Month High at $27.94

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Shares of Capital Power Corp (TSE:CPX) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$27.94 and last traded at C$27.59, with a volume of 108379 shares traded. The stock had previously closed at C$27.28.

A number of research firms have weighed in on CPX. CIBC increased their price target on shares of Capital Power from C$28.00 to C$29.00 in a research note on Tuesday, July 31st. TD Securities increased their price target on shares of Capital Power from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Raymond James reaffirmed an “outperform” rating and set a C$30.00 price target on shares of Capital Power in a research note on Tuesday, July 31st. Finally, Royal Bank of Canada increased their price target on shares of Capital Power from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$29.43.

Capital Power Company Profile (TSE:CPX)

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 4,500 megawatts of power generation capacity.

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