Capital Power Receives a New Rating from Top Analyst

By Austin Angelo

The Utilities sector company, Capital Power (TSX: CPX), has received a rating update from a Wall Street analyst today. RBC Capital’s analyst Robert Kwan reiterates their Hold rating on the shares, with a C$27 price target.

According to TipRanks.com, Kwan is a top 100 analyst with an average return of 12.6% and a 76.7% success rate. Kwan covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Pattern Energy, and TransAlta.

Capital Power has an analyst consensus of Moderate Buy, with a price target consensus of C$27.33.

The company has a one year high of C$26.43 and a one year low of C$18.66. Currently, Capital Power has an average volume of 262.6K.

Capital Power Corp. engages in the development, acquisition, construction, operation, and optimization of large-scale, fuel-diverse, and cost-effective power generation facilities in North America. Its focuses on three main energy sources: Natural Gas, Coal, and Wind. It operates in one reportable segment involved in the operation of electrical generation plants within Canada and in the U.S. It’s projects include quality, Halkirk, Port Dover and Nanticoke, Keephills 3, and K2 wind power projects. The company was founded on May 1, 2009 and is headquartered in Edmonton, Canada.

The company’s shares closed last Friday at $25.80, close to its 52-week high of $26.43.