National Bank Financial Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its price target increased by equities research analysts at National Bank Financial from C$77.00 to C$85.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. National Bank Financial’s target price would suggest a potential upside of 7.27% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada raised Power Co. of Canada from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$69.00 to C$73.00 in a research report on Friday, March 20th. Scotiabank upped their price target on Power Co. of Canada from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Jefferies Financial Group upped their price target on Power Co. of Canada from C$68.00 to C$73.00 in a research report on Friday, March 20th. Canadian Imperial Bank of Commerce upped their price target on Power Co. of Canada from C$75.00 to C$78.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Finally, BMO Capital Markets upped their price target on Power Co. of Canada from C$69.00 to C$79.00 in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$77.38.

Power Co. of Canada Trading Down 1.1%

Shares of Power Co. of Canada stock traded down C$0.85 on Wednesday, reaching C$79.24. 902,874 shares of the company were exchanged, compared to its average volume of 2,459,002. The stock has a fifty day moving average price of C$70.11 and a 200-day moving average price of C$69.71. The firm has a market capitalization of C$50.14 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 0.57 and a beta of 0.71. 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 fifty-two week low of C$48.18 and a fifty-two week high of C$80.25.

Power Co. of Canada (TSE:POW) last announced its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. The company had revenue of C$10.96 billion for the quarter. Power Co. of Canada had a return on equity of 10.81% and a net margin of 6.98%. On average, analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current 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.