Power Co. of Canada (TSE:POW) Given Consensus Rating of “Moderate Buy” by Brokerages

Power Co. of Canada (TSE:POW) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$75.38.

Several research firms recently issued reports on POW. Royal Bank Of Canada raised shares of Power Co. of Canada from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$69.00 to C$73.00 in a research report on Friday, March 20th. Desjardins lifted their price objective on Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Scotiabank upped their price objective on Power Co. of Canada from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. National Bank Financial increased their target price on Power Co. of Canada from C$69.00 to C$77.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group raised their target price on Power Co. of Canada from C$68.00 to C$73.00 in a research report on Friday, March 20th.

Power Co. of Canada Stock Performance

POW opened at C$66.19 on Monday. The stock’s 50 day simple moving average is C$66.97 and its 200-day simple moving average is C$67.04. 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 stock has a market cap of C$41.89 billion, a PE ratio of 16.80, a P/E/G ratio of 0.57 and a beta of 0.72. Power Co. of Canada has a 1 year low of C$47.05 and a 1 year high of C$74.91.

Power Co. of Canada (TSE:POW) last issued its earnings results on Wednesday, March 18th. The financial services provider reported C$1.36 EPS for the quarter. Power Co. of Canada had a return on equity of 12.83% and a net margin of 9.73%.The firm had revenue of C$8.84 billion during the quarter. Sell-side analysts forecast that Power Co. of Canada will post 4.9289678 EPS 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.