Brokerages Set Power Co. of Canada (TSE:POW) Target Price at C$47.31

Power Co. of Canada (TSE:POW) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$47.31.

Several equities research analysts have recently weighed in on POW shares. National Bankshares raised their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. CIBC lifted their price target on Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday, November 13th. TD Securities boosted their target price on Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, BMO Capital Markets boosted their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th.

Power Co. of Canada Stock Up 0.3 %

TSE POW opened at C$43.63 on Wednesday. The business has a fifty day moving average price of C$45.05 and a 200 day moving average price of C$42.89. Power Co. of Canada has a one year low of C$35.83 and a one year high of C$47.89. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The company has a market cap of C$25.85 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.57 and a beta of 1.09.

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