Royal Bank Of Canada Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its price objective hoisted by Royal Bank Of Canada from C$86.00 to C$87.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 2.10% from the company’s previous close.

Several other research firms have also issued reports on POW. Canadian Imperial Bank of Commerce upped their target price 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. BMO Capital Markets raised their price target on Power Co. of Canada from C$69.00 to C$79.00 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Desjardins boosted their price target on Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Scotia upped their price objective on Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 14th. Finally, National Bank Financial increased their price objective on Power Co. of Canada from C$77.00 to C$85.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$83.20.

Power Co. of Canada Stock Down 2.4%

POW stock traded down C$2.17 during midday trading on Monday, hitting C$88.87. The company’s stock had a trading volume of 674,269 shares, compared to its average volume of 2,384,472. The company’s fifty day moving average price is C$84.39 and its 200 day moving average price is C$74.56. The company has a debt-to-equity ratio of 86.98, a current ratio of 0.87 and a quick ratio of 107.64. Power Co. of Canada has a twelve month low of C$52.97 and a twelve month high of C$92.16. The stock has a market capitalization of C$56.00 billion, a P/E ratio of 21.36, a PEG ratio of 0.57 and a beta of 0.73.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. The company had revenue of C$10.96 billion during the quarter. Power Co. of Canada had a net margin of 7.93% and a return on equity of 11.34%. As a group, equities research analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current 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.