Power Co. of Canada (TSE:POW) Price Target Raised to C$40.00


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Power Co. of Canada (TSE:POW) had its target price upped by Scotiabank from C$38.50 to C$40.00 in a research note published on Monday morning, BayStreet.CA reports.

POW has been the topic of a number of other reports. TD Securities lifted their price target on Power Co. of Canada from C$36.00 to C$38.00 and gave the company a buy rating in a report on Thursday, March 18th. National Bank Financial reissued a sector perform overweight rating and issued a C$38.00 price objective on shares of Power Co. of Canada in a research report on Friday, April 30th. BMO Capital Markets raised their price objective on Power Co. of Canada from C$34.00 to C$35.00 in a research report on Sunday, March 21st. CIBC raised their price objective on Power Co. of Canada from C$38.00 to C$40.00 and gave the stock an outperform rating in a research report on Monday, April 26th. Finally, National Bankshares set a C$38.00 price objective on Power Co. of Canada and gave the stock an outperform rating in a research report on Friday, April 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$37.86.

TSE POW opened at C$36.43 on Monday. The firm has a market cap of C$24.65 billion and a price-to-earnings ratio of 11.83. The company has a quick ratio of 14.97, a current ratio of 17.90 and a debt-to-equity ratio of 55.62. The business has a 50-day moving average price of C$34.00 and a 200-day moving average price of C$30.66. Power Co. of Canada has a twelve month low of C$18.79 and a twelve month high of C$36.70.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Wednesday, March 17th. The financial services provider reported C$0.93 EPS for the quarter, beating analysts’ consensus estimates of C$0.87 by C$0.06. The firm had revenue of C$17.95 billion for the quarter. Research analysts expect that Power Co. of Canada will post 3.7500003 EPS for the current fiscal year.

About Power Co. of Canada

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.

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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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