CIBC Cuts Power Co. of Canada (TSE:POW) Price Target to C$48.00

Power Co. of Canada (TSE:POW) had its price objective lowered by CIBC from C$51.00 to C$48.00 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets raised their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. TD Securities lifted their price objective on 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. Finally, National Bankshares upped their target price 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Power Co. of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.94.

Power Co. of Canada Stock Down 0.1 %

Shares of POW opened at C$43.87 on Thursday. The stock has a 50 day moving average price of C$44.95 and a 200 day moving average price of C$42.93. Power Co. of Canada has a one year low of C$35.83 and a one year high of C$47.89. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The stock has a market capitalization of C$25.99 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last issued its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 8.29% and a return on equity of 11.29%. Equities research analysts forecast 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.