Brokerages Set Power Co. of Canada (TSE:POW) PT at C$75.38

Shares of Power Co. of Canada (TSE:POW) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$75.38.

Several analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on Power Co. of Canada from C$68.00 to C$73.00 in a report on Friday, March 20th. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 price objective for the company in a report on Friday, March 20th. Scotiabank increased their price objective on Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Desjardins increased their price objective on Power Co. of Canada from C$78.00 to C$79.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce increased their price objective on Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “hold” rating in a report on Friday, March 20th.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$73.36 on Friday. The company has a current ratio of 1.44, a quick ratio of 107.64 and a debt-to-equity ratio of 105.91. Power Co. of Canada has a 1 year low of C$48.18 and a 1 year high of C$74.91. The business has a fifty day simple moving average of C$67.23 and a 200 day simple moving average of C$68.23. The firm has a market cap of C$46.42 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 0.57 and a beta of 0.67.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Wednesday, March 18th. The financial services provider reported C$1.36 earnings per share (EPS) for the quarter. Power Co. of Canada had a return on equity of 10.81% and a net margin of 6.98%.The business had revenue of C$8.84 billion during the quarter. As a group, sell-side analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). Power Corp. bought out the remaining shares of Power Financial in February 2020.