Power Co. of Canada (TSE:POW) Receives C$69.50 Consensus Target Price from Analysts

Shares of Power Co. of Canada (TSE:POW) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$69.50.

A number of research firms have weighed in on POW. TD Securities cut shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Scotiabank boosted their price objective on Power Co. of Canada from C$69.00 to C$76.00 in a research report on Thursday, November 13th. CIBC set a C$75.00 target price on Power Co. of Canada and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Desjardins upped their price objective on Power Co. of Canada from C$60.00 to C$65.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th.

Power Co. of Canada Stock Up 1.2%

Shares of POW stock opened at C$74.01 on Friday. The business has a fifty day simple moving average of C$67.23 and a 200 day simple moving average of C$59.77. The company has a market cap of C$47.15 billion, a P/E ratio of 15.61, a P/E/G ratio of 0.57 and a beta of 0.95. Power Co. of Canada has a twelve month low of C$41.88 and a twelve month high of C$74.91.

Power Co. of Canada (TSE:POW) last issued its earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 EPS for the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%.The firm had revenue of C$9.89 billion during the quarter. As a group, equities research analysts anticipate that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).