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

Power Co. of Canada (TSE:POW) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$47.31.

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

Power Co. of Canada Trading Up 1.0 %

POW stock opened at C$43.33 on Wednesday. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$47.89. The stock has a market capitalization of C$25.67 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. 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 firm’s fifty day simple moving average is C$45.13 and its two-hundred day simple moving average is C$42.79.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The business had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. As a group, 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.