Power Co. of Canada (TSE:POW) Price Target Raised to C$49.00 at BMO Capital Markets

Power Co. of Canada (TSE:POW) had its price target upped by BMO Capital Markets from C$42.00 to C$49.00 in a research report released on Tuesday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. National Bankshares raised their price target on 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. Royal Bank of Canada lifted their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. CIBC cut their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 in a report on Friday, August 9th. Desjardins raised their price target on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research 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, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus price target of C$46.39.

Power Co. of Canada Price Performance

Power Co. of Canada stock opened at C$45.59 on Tuesday. Power Co. of Canada has a 12-month low of C$35.52 and a 12-month high of C$47.18. 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 firm has a 50-day moving average price of C$43.59 and a 200-day moving average price of C$40.54. The firm has a market capitalization of C$27.01 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data 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). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The firm had revenue of C$5.29 billion during the quarter. As a group, equities research analysts forecast that Power Co. of Canada will post 4.9289678 EPS 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.