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

Shares of Power Co. of Canada (TSE:POW) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$47.31.

Several equities research analysts have recently weighed in on POW shares. National Bankshares upped their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. TD Securities increased 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, 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 Stock Performance

Shares of TSE:POW opened at C$43.63 on Wednesday. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$47.89. The business has a 50-day moving average of C$45.05 and a two-hundred day moving average of C$42.89. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The firm has a market capitalization of C$25.85 billion, a PE ratio of 9.94, a P/E/G 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 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 company had revenue of C$5.29 billion during the quarter. As a group, research analysts forecast 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.