Power Co. of Canada (TSE:POW) PT Raised to C$44.00

Power Co. of Canada (TSE:POW) had its price target raised by equities research analysts at Jefferies Financial Group from C$43.00 to C$44.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 13.14% from the company’s current price.

A number of other brokerages have also weighed in on POW. CIBC dropped their price objective on shares of Power Co. of Canada from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Scotiabank upped their price target on shares of Power Co. of Canada from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Desjardins upped their price target on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets upped their price target on shares of Power Co. of Canada from C$38.00 to C$41.00 in a report on Friday, March 15th. Finally, National Bankshares upped their price target on shares of Power Co. of Canada from C$39.00 to C$41.00 in a report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Power Co. of Canada has a consensus rating of “Hold” and a consensus price target of C$41.80.

Power Co. of Canada Stock Up 0.8 %

Shares of POW stock traded up C$0.31 during trading hours on Tuesday, reaching C$38.89. 463,460 shares of the company’s stock were exchanged, compared to its average volume of 2,929,487. The stock’s 50 day moving average is C$37.91 and its 200-day moving average is C$37.49. The company has a market cap of C$23.14 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.95 and a beta of 1.09. The company has a current ratio of 23.47, a quick ratio of 107.64 and a debt-to-equity ratio of 50.75. Power Co. of Canada has a fifty-two week low of C$32.33 and a fifty-two week high of C$40.30.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). The business had revenue of C$21.37 billion for the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. Analysts predict that Power Co. of Canada will post 4.5329341 earnings per share 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.