CIBC cut shares of Capital Power Corporation (TSE: CPX) from an outperform rating to a sector perform rating in a research report sent to investors on Tuesday morning.
Shares of Capital Power Corporation traded down 0.14% during mid-day trading on Tuesday, hitting $21.61. Capital Power Corporation has a 52 week low of $20.75 and a 52 week high of $25.14. The stock’s 50-day moving average is currently $23.02. The company has a market cap of $2.114 billion and a P/E ratio of 25.76.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.32 per share. This represents a $1.26 dividend on an annualized basis and a yield of 5.82%.
CPX has been the subject of a number of other recent research reports. Analysts at TD Securities cut their price target on shares of Capital Power Corporation from $25.00 to $24.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. Separately, analysts at National Bank of Greece cut their price target on shares of Capital Power Corporation from $25.00 to $24.00 in a research note to investors on Monday. They now have a sector perform rating on the stock. Finally, analysts at Scotiabank cut their price target on shares of Capital Power Corporation from $23.00 to $20.00 in a research note to investors on Monday. They now have a sector underperform rating on the stock.
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