Power Co. of Canada (TSE:POW) Price Target Raised to C$49.00

Power Co. of Canada (TSE:POW) had its price target raised by TD Securities from C$44.00 to C$49.00 in a report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

POW has been the subject of a number of other research reports. Royal Bank of Canada boosted their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. National Bankshares boosted their price target on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Jefferies Financial Group decreased their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Finally, CIBC lifted their price target on shares of Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Power Co. of Canada has a consensus rating of “Moderate Buy” and a consensus price target of C$47.31.

Power Co. of Canada Trading Up 0.1 %

Shares of TSE:POW opened at C$45.62 on Thursday. The stock’s 50-day simple moving average is C$43.68 and its two-hundred day simple moving average is C$40.63. The stock has a market capitalization of C$27.03 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$47.18. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The business had revenue of C$5.29 billion during the quarter. Analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current year.

Power Co. of Canada Company Profile

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.