In a new note to investors on September 6, an analyst has provided a rating update for the Utilities sector company, Capital Power (TSX: CPX). Canaccord Genuity’s analyst David Galison reiterates their Buy rating on the shares, with a C$31 price target.
Galison has an average return of 7.0% when recommending Capital Power.
According to TipRanks.com, Galison is ranked #1200 out of 4875 analysts.
Capital Power has an analyst consensus of Moderate Buy, with a price target consensus of C$29.43, which is a 4.3% upside from current levels. In a report released yesterday, National Bank also maintained a Buy rating on the stock with a C$33 price target.
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The company has a one-year high of C$28.38 and a one-year low of C$22.15. Currently, Capital Power has an average volume of 178.9K.
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 Friday at C$28.21, close to its 52-week high of C$28.38.
