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


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Power Co. of Canada (TSE:POW) had its price target hoisted by stock analysts at Scotiabank from C$38.50 to C$40.00 in a report released on Monday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 9.80% from the stock’s current price.

Several other equities analysts have also weighed in on POW. TD Securities lifted their target price on shares of 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 reaffirmed a “sector perform overweight” rating and set a C$38.00 price target on shares of Power Co. of Canada in a research note on Friday, April 30th. CIBC lifted their price target on shares of Power Co. of Canada from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Monday, April 26th. National Bankshares set a C$38.00 price target on shares of Power Co. of Canada and gave the stock an “outperform” rating in a research note on Friday, April 30th. Finally, BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$34.00 to C$35.00 in a research note on Sunday, March 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Power Co. of Canada has a consensus rating of “Buy” and an average target price of C$37.86.

TSE:POW opened at C$36.43 on Monday. The company has a current ratio of 17.90, a quick ratio of 14.97 and a debt-to-equity ratio of 55.62. The firm has a market capitalization of C$24.65 billion and a price-to-earnings ratio of 11.83. The firm’s fifty day simple moving average is C$34.00 and its 200 day simple moving average is 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 posted its earnings results on Wednesday, March 17th. The financial services provider reported C$0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.87 by C$0.06. The business had revenue of C$17.95 billion for the quarter. On average, analysts predict that Power Co. of Canada will post 3.7500003 earnings per share for the current 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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