Capital Power Receives a Buy from TD Securities

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Capital Power (TSX: CPX). Yesterday, analyst John Mould gave a Buy rating to CPX and set a C$29 price target.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Capital Power with a C$28.50 average price target, representing a 6.0% upside. In a report issued on July 25, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$29 price target.

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Capital Power’s market cap is currently C$2.76B and has a P/E ratio of 49.8. The company has a Price to Book ratio of 0.94.

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$26.89.