Power Co. of Canada (TSE:POW) Price Target Raised to C$42.00 at BMO Capital Markets

Power Co. of Canada (TSE:POW) had its price target lifted by equities researchers at BMO Capital Markets from C$41.00 to C$42.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 6.41% from the company’s current price.

A number of other research analysts also recently commented on the company. TD Securities downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their price target for the company from C$40.00 to C$42.00 in a research note on Friday, March 22nd. National Bankshares upped their price target on shares of Power Co. of Canada from C$39.00 to C$41.00 in a report on Thursday, March 21st. Desjardins lifted their price objective on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Scotiabank upped their target price on Power Co. of Canada from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Finally, Jefferies Financial Group raised their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Power Co. of Canada currently has an average rating of “Hold” and a consensus target price of C$41.80.

Power Co. of Canada Stock Performance

Shares of TSE:POW opened at C$39.47 on Tuesday. Power Co. of Canada has a 12-month low of C$32.33 and a 12-month high of C$40.30. The company’s 50 day moving average price is C$37.93 and its two-hundred day moving average price is C$37.54. The firm has a market cap of C$23.49 billion, a PE ratio of 11.51, a PEG ratio of 0.95 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 23.47 and a debt-to-equity ratio of 50.75.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). The company had revenue of C$21.37 billion for the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. Equities research analysts predict that Power Co. of Canada will post 4.5329341 earnings per share for the current 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.