Analysts Set Power Co. of Canada (TSE:POW) Price Target at C$43.83

Power Co. of Canada (TSE:POW) has received an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$43.83.

Several brokerages have commented on POW. Jefferies Financial Group lowered their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. CIBC lowered their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Desjardins boosted their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada raised their target price 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 note on Monday, August 12th. Finally, National Bankshares lifted their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th.

Power Co. of Canada Trading Up 0.3 %

Shares of POW opened at C$46.57 on Friday. Power Co. of Canada has a 1-year low of C$33.91 and a 1-year high of C$46.80. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The company’s 50-day moving average is C$43.17. The company has a market cap of C$27.59 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last posted its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.05. The firm had revenue of C$9.91 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. On average, research analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current fiscal 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.