BMO Capital Markets Boosts Power Co. of Canada (TSE:POW) Price Target to C$49.00

Power Co. of Canada (TSE:POW) had its target price increased by BMO Capital Markets from C$42.00 to C$49.00 in a report published on Tuesday morning,BayStreet.CA reports.

Several other research analysts have also commented on POW. Royal Bank of Canada lifted their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. TD Securities upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. National Bankshares increased their price target 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 note on Wednesday, October 30th. CIBC reduced 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. Finally, Jefferies Financial Group decreased their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$47.31.

Power Co. of Canada Stock Up 0.1 %

TSE POW opened at C$45.62 on Tuesday. The business has a fifty day moving average price of C$43.68 and a 200 day moving average price of C$40.60. 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 company 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 one year low of C$35.83 and a one year high of C$47.18.

Power Co. of Canada (TSE:POW) last released 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 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.