Power Co. of Canada (TSE:POW) Given New C$51.00 Price Target at CIBC

Power Co. of Canada (TSE:POW) had its target price upped by CIBC from C$45.00 to C$51.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Several other equities research analysts have also issued reports on the company. Jefferies Financial Group decreased their target price on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. 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 stock a “sector perform” rating in a research report on Monday, August 12th. Desjardins increased their target price on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Finally, TD Securities raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Power Co. of Canada presently has an average rating of “Moderate Buy” and an average target price of C$47.31.

Power Co. of Canada Stock Up 0.1 %

Power Co. of Canada stock opened at C$45.62 on Wednesday. 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 stock has a market cap of C$27.03 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$47.18. The firm’s 50-day simple moving average is C$43.68 and its 200 day simple moving average is C$40.63.

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 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%. Research analysts predict 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.