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

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

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets increased their price target 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 target 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. Jefferies Financial Group cut their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. CIBC boosted their target price on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday, November 13th. Finally, Desjardins increased their price target on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$47.31.

Power Co. of Canada Trading Up 0.1 %

Shares of POW stock opened at C$45.62 on Thursday. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$47.18. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. The company has a 50 day moving average of C$43.68. The stock has a market cap of C$27.03 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The firm had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. As a group, equities analysts predict that Power Co. of Canada will post 4.9289678 earnings per share 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.