Capital Power Corp (CPX) Given Consensus Rating of “Buy” by Analysts
Capital Power Corp (TSE:CPX) has received a consensus recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$28.09.
Separately, National Bank Financial upped their target price on Capital Power from C$33.00 to C$34.00 in a report on Thursday.
In other Capital Power news, Director Donald James Lowry bought 3,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were bought at an average price of C$24.68 per share, for a total transaction of C$74,040.00.
Shares of Capital Power (TSE CPX) traded down C$0.13 on Thursday, hitting C$24.08. The stock had a trading volume of 247,179 shares, compared to its average volume of 249,809. Capital Power has a one year low of C$23.15 and a one year high of C$26.51.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.417 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 6.93%. Capital Power’s dividend payout ratio is 103.76%.
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About Capital Power
Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.
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