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BMO Capital Believes Capital Power (CPX) Won’t Stop Here


Capital Power (TSX: CPX), the Utilities sector company, was revisited by a Wall Street analyst on September 11. Analyst Benjamin Pham from BMO Capital rated Capital Power (TSX: CPX) a Buy on September 11, setting a C$30 price target.

Pham has an average return of 3.1% when recommending Capital Power.

According to TipRanks.com, Pham is ranked #624 out of 4872 analysts.

Capital Power has an analyst consensus of Strong Buy, with a price target consensus of C$29.38, implying a 2.5% upside from current levels. In a report issued on September 7, National Bank also maintained a Buy rating on the stock with a C$33 price target.

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Capital Power’s market cap is currently C$2.98B and has a P/E ratio of 54.7. The company has a Price to Book ratio of 1.

Capital Power Corp. engages in the development, acquisition, construction, operation, and optimization of power generation facilities. Its projects include Halkirk, Port Dover and Nanticoke, Keephills 3, and K2 wind power. The company was founded on May 1, 2009 and is headquartered in Edmonton, Canada.

The company’s shares closed on Thursday at C$28.67, close to its 52-week high of C$29.14.