Capital Power (CPX) Price Target Raised to C$31.00

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Capital Power (TSE:CPX) had its price target raised by analysts at Raymond James from C$30.00 to C$31.00 in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 10.28% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. National Bank Financial increased their price target on Capital Power from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Friday. TD Securities increased their price target on Capital Power from C$29.00 to C$31.00 and gave the company a “buy” rating in a research note on Friday. CSFB increased their price target on Capital Power from C$26.00 to C$28.00 and gave the company a “neutral” rating in a research note on Friday. CIBC increased their price target on Capital Power from C$28.00 to C$29.00 in a research note on Tuesday, July 31st. Finally, Royal Bank of Canada increased their price target on Capital Power from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$29.78.

TSE CPX traded up C$0.26 on Friday, hitting C$28.11. 177,842 shares of the company’s stock were exchanged, compared to its average volume of 194,076. Capital Power has a 52 week low of C$22.15 and a 52 week high of C$28.38.

About Capital Power

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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Analyst Recommendations for Capital Power (TSE:CPX)

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