Power Co. of Canada (TSE:POW) Stock Has Average Target Price of C$86.60 According to Analysts

Power Co. of Canada (TSE:POW) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$86.60.

Several equities research analysts have commented on POW shares. Royal Bank Of Canada boosted their price objective on Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Jefferies Financial Group raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. TD raised their target price on Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Finally, National Bank Financial raised their target price on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th.

Power Co. of Canada Price Performance

POW stock opened at C$89.01 on Friday. Power Co. of Canada has a 52 week low of C$60.51 and a 52 week high of C$97.66. The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52. The firm has a 50-day simple moving average of C$92.76 and a 200-day simple moving average of C$85.48. The stock has a market capitalization of C$55.87 billion, a P/E ratio of 21.92, a P/E/G ratio of 0.57 and a beta of 0.62.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share for the quarter. The firm had revenue of C$11.70 billion for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. Equities analysts forecast that Power Co. of Canada will post 4.93 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.