Capital Power Corporation (CPX:CA)
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CIBC recently raised its 12 month target price for Capital Power Corporation to C$66 from C$65, citing an improved long-term outlook for the company. The brokerage anticipates multiple upcoming catalysts that could further drive growth and shareholder value, suggesting continued momentum in the company’s strategic execution and earnings potential.
According to a broader consensus from 10 analysts, the average 12-month target price for Capital Power Corporation is C$65.62, reflecting upside potential from its current market price. The average analyst rating is “Strong Buy”, indicating a high level of confidence in the stock’s performance among the analyst community.
As of the latest market close, Capital Power’s stock price stood at C$54.29, indicating a discount of approximately 17.3% relative to the average analyst target price. The stock has shown strong recent performance with gains of:
+0.22% over the past week
+7.10% over the past month
+42.91% over the past year
This upward trend underscores growing investor confidence, potentially fueled by strong fundamentals, positive regulatory developments in the power sector, and the company’s progress in renewable and low-emission energy generation projects.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
