Power Co. of Canada (TSE:POW) Price Target Raised to C$49.00

Power Co. of Canada (TSE:POW) had its price objective lifted by BMO Capital Markets from C$42.00 to C$49.00 in a report issued on Tuesday morning,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on POW. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. National Bankshares lifted their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Scotiabank boosted their price target on Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, Desjardins boosted their target price on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Power Co. of Canada has an average rating of “Moderate Buy” and an average target price of C$46.39.

Power Co. of Canada Trading Up 1.3 %

Shares of TSE:POW opened at C$45.59 on Tuesday. Power Co. of Canada has a 12-month low of C$35.52 and a 12-month high of C$47.18. The company has a market cap of C$27.01 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The stock has a 50 day moving average of C$43.59 and a 200 day moving average of C$40.54. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The firm had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. As a group, equities research analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current year.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.