The Utilities sector company, Capital Power (CPX), has received a rating update from a Wall Street analyst on February 19. Analyst Robert Hope from Scotiabank rated Capital Power (CPX) a Hold on February 19, setting a C$29 price target.
According to TipRanks.com, Hope is ranked #1579 out of 5188 analysts.
Currently, the analyst consensus on Capital Power is a Hold with an average price target of C$30, which is a 2.1% upside from current levels. In a report issued on February 7, Canaccord Genuity also downgraded the stock to Hold with a C$31 price target.
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The company has a one-year high of C$30.25 and a one-year low of C$23.42. Currently, Capital Power has an average volume of 318.1K.
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$29.37, close to its 52-week high of C$30.25.
