Power Co. of Canada (TSE:POW) Given New C$48.00 Price Target at CIBC

Power Co. of Canada (TSE:POW) had its price objective reduced by CIBC from C$51.00 to C$48.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on POW. BMO Capital Markets raised 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. National Bankshares lifted their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, TD Securities boosted their price objective on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$46.94.

Power Co. of Canada Stock Performance

Shares of POW stock opened at C$43.87 on Thursday. The business has a fifty day moving average of C$44.95 and a 200 day moving average of C$42.93. Power Co. of Canada has a 1 year low of C$35.83 and a 1 year high of C$47.89. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The firm has a market capitalization of C$25.99 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last released its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The firm 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%. As a group, research analysts expect that Power Co. of Canada will post 4.9289678 earnings per share 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.