Power Co. of Canada (TSE:POW) Price Target Lowered to C$48.00 at CIBC

Power Co. of Canada (TSE:POW) had its price objective reduced by CIBC from C$51.00 to C$48.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the financial services provider’s stock. CIBC’s price objective would suggest a potential upside of 8.97% from the stock’s current price.

Several other equities analysts have also commented on POW. BMO Capital Markets upped their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. National Bankshares upped their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, TD Securities lifted their target price on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$46.94.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$44.05 on Thursday. The company has a market cap of C$26.10 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.57 and a beta of 1.09. The business has a fifty day simple moving average of C$44.90 and a 200-day simple moving average of C$42.97. Power Co. of Canada has a 52 week low of C$35.83 and a 52 week high of C$47.89. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The business 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%. Equities research analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current 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.