Power Co. of Canada (TSE:POW) Receives C$47.31 Average Price Target from Analysts

Shares of Power Co. of Canada (TSE:POW) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$47.31.

A number of research analysts have issued reports on the stock. TD Securities increased their target price on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. BMO Capital Markets increased their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research 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 report on Wednesday, October 30th. Finally, CIBC increased their target price on Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday, November 13th.

Power Co. of Canada Price Performance

Power Co. of Canada stock opened at C$43.88 on Friday. The company has a market capitalization of C$26.00 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.57 and a beta of 1.09. The stock’s 50 day moving average is C$45.77 and its 200-day moving average is C$42.29. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$47.89.

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 the consensus estimate 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 for the quarter. Equities research analysts expect that Power Co. of Canada will post 4.9289678 EPS 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.