Power Co. of Canada (TSE:POW) Price Target Increased to C$39.00 by Analysts at Scotiabank

Power Co. of Canada (TSE:POWGet Rating) had its price target upped by equities researchers at Scotiabank from C$38.50 to C$39.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 9.00% from the stock’s current price.

Several other research analysts have also weighed in on the company. BMO Capital Markets lowered their price target on Power Co. of Canada from C$37.00 to C$36.00 in a research report on Tuesday, November 8th. TD Securities lowered Power Co. of Canada from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$41.00 to C$35.00 in a research report on Tuesday, November 8th. Royal Bank of Canada lowered their price target on Power Co. of Canada from C$44.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 10th. CIBC boosted their price target on Power Co. of Canada from C$35.00 to C$37.00 in a research report on Tuesday. Finally, National Bankshares lowered their price target on Power Co. of Canada from C$39.00 to C$38.00 in a research report on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Hold” and an average price target of C$37.00.

Power Co. of Canada Stock Up 0.6 %

Power Co. of Canada stock traded up C$0.22 during midday trading on Wednesday, reaching C$35.78. The stock had a trading volume of 285,317 shares, compared to its average volume of 2,943,959. The firm’s fifty day simple moving average is C$33.51 and its 200-day simple moving average is C$33.50. Power Co. of Canada has a 1-year low of C$29.76 and a 1-year high of C$42.78. The stock has a market capitalization of C$23.87 billion and a P/E ratio of 11.97. The company has a debt-to-equity ratio of 46.06, a quick ratio of 107.64 and a current ratio of 123.81.

Power Co. of Canada (TSE:POWGet Rating) last announced its earnings results on Wednesday, November 9th. The financial services provider reported C$0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.90 by C($0.10). The company had revenue of C$13.42 billion during the quarter. As a group, analysts expect that Power Co. of Canada will post 3.8999999 EPS for the current fiscal year.

Power Co. of Canada Company Profile

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Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor 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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