Analysts Set Power Co. of Canada (TSE:POW) Target Price at C$86.60

Power Co. of Canada (TSE:POW) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$86.60.

A number of equities analysts have weighed in on POW shares. TD boosted their target price on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Desjardins raised their price target on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. BMO Capital Markets upped their price objective on Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada lifted their target price on Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, July 13th.

Power Co. of Canada Trading Up 0.3%

POW stock opened at C$91.70 on Thursday. The business has a fifty day moving average price of C$91.39 and a 200 day moving average price of C$79.18. The company has a debt-to-equity ratio of 87.52, a current ratio of 0.71 and a quick ratio of 107.64. Power Co. of Canada has a fifty-two week low of C$57.10 and a fifty-two week high of C$97.66. The stock has a market capitalization of C$57.56 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 0.57 and a beta of 0.73.

Power Co. of Canada (TSE:POW) last announced its earnings results on Thursday, July 30th. The financial services provider reported C$1.55 EPS for the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%.The company had revenue of C$11.70 billion for the quarter. Analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.