Power Co. of Canada (TSE:POW) Upgraded to “Buy” at TD Securities

Power Co. of Canada (TSE:POW) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a C$74.00 price objective on the financial services provider’s stock. TD Securities’ price objective suggests a potential upside of 13.58% from the company’s previous close.

POW has been the topic of a number of other reports. Royal Bank Of Canada raised Power Co. of Canada from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$69.00 to C$73.00 in a report on Friday. Desjardins increased their target price on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Scotiabank boosted their price target on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, National Bank Financial upped their price target on shares of Power Co. of Canada from C$69.00 to C$77.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$75.38.

Power Co. of Canada Stock Performance

Power Co. of Canada stock traded up C$1.32 during midday trading on Friday, reaching C$65.15. 1,735,934 shares of the stock traded hands, compared to its average volume of 2,176,090. The company has a current ratio of 3.95, a quick ratio of 107.64 and a debt-to-equity ratio of 84.71. The firm has a fifty day moving average price of C$67.71 and a two-hundred day moving average price of C$66.58. The firm has a market cap of C$41.31 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.57 and a beta of 0.72. Power Co. of Canada has a fifty-two week low of C$47.05 and a fifty-two week high of C$74.91.

Power Co. of Canada (TSE:POW) last posted its earnings results on Wednesday, March 18th. The financial services provider reported C$1.36 EPS for the quarter. The firm had revenue of C$8.84 billion for the quarter. Power Co. of Canada had a return on equity of 12.83% and a net margin of 9.73%. On average, equities research analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

About Power Co. of Canada

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). Power Corp. bought out the remaining shares of Power Financial in February 2020.