Power Co. of Canada (TSE:POW) Rating Increased to Outperform at CIBC

CIBC upgraded shares of Power Co. of Canada (TSE:POW) from a neutral rating to an outperform rating in a research note published on Friday morning,BayStreet.CA reports. CIBC currently has C$55.00 price objective on the financial services provider’s stock, up from their prior price objective of C$48.00.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. TD Securities boosted 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 report on Thursday, November 14th. Finally, National Bankshares increased 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and an average target price of C$47.81.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$47.85 on Friday. 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 business’s fifty day moving average price is C$44.73 and its two-hundred day moving average price is C$43.10. The stock has a market cap of C$28.35 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a one year low of C$35.83 and a one year 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 EPS 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 net margin of 8.29% and a return on equity of 11.29%. On average, analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current fiscal 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.