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

Power Co. of Canada (TSE:POW) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$47.31.

Several brokerages have weighed in on POW. National Bankshares increased 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. BMO Capital Markets increased their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. TD Securities boosted their target price on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, CIBC upped 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.

Power Co. of Canada Stock Down 1.0 %

POW opened at C$45.25 on Friday. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The stock’s 50-day simple moving average is C$45.77. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$47.89. The firm has a market capitalization of C$26.81 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last announced 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 company 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 earnings per share for the current 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.