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

Power Co. of Canada (TSE:POW) had its target price upped by TD Securities from C$44.00 to C$49.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Desjardins lifted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, August 12th. CIBC lifted their price objective on Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday, November 13th. Scotiabank upped their target price on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Finally, National Bankshares increased their price objective 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 research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$47.31.

Power Co. of Canada Price Performance

TSE POW opened at C$45.62 on Thursday. The firm has a market cap of C$27.03 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 1-year low of C$35.83 and a 1-year high of C$47.18. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The firm has a 50-day moving average price of C$43.68.

Power Co. of Canada (TSE:POW) last announced its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing the consensus estimate of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The business had revenue of C$5.29 billion for the quarter. On average, analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

About Power Co. of Canada

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.