Scotiabank Sticks to Its Hold Rating for Capital Power (CPX)

By Jason Carr

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). Scotiabank’s analyst Robert Hope reiterates their Hold rating on the shares, with a C$27 price target.

According to TipRanks.com, Hope is ranked #1433 out of 4875 analysts.

Capital Power has an analyst consensus of Strong Buy, with a price target consensus of C$29.33.

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.