BMO Capital Maintains Their Buy Rating on Capital Power (CPX)


Capital Power (TSX: CPX), the Utilities sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Benjamin Pham from BMO Capital remains bullish on the stock and has a C$30 price target.

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

According to TipRanks.com, Pham is ranked #943 out of 4887 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Capital Power with a C$30.50 average price target, representing an 11.6% upside. In a report released yesterday, National Bank also maintained a Buy rating on the stock with a C$34 price target.

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The company has a one-year high of C$29.79 and a one-year low of C$22.15. Currently, Capital Power has an average volume of 210.9K.

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 Wednesday at C$27.32.

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