Power Co. of Canada (TSE:POW) Price Target Raised to C$90.00

Power Co. of Canada (TSE:POWGet Free Report) had its target price increased by stock analysts at Scotia from C$79.00 to C$90.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the financial services provider’s stock. Scotia’s price objective would indicate a potential upside of 11.79% from the company’s current price.

POW has been the subject of a number of other reports. Royal Bank Of Canada increased their price target on Power Co. of Canada from C$73.00 to C$86.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a report on Tuesday. National Bank Financial raised their price objective on shares of Power Co. of Canada from C$77.00 to C$85.00 and gave the stock a “sector perform” rating in a report on Wednesday. Desjardins upped their price target on Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and increased their target price for the stock from C$74.00 to C$84.00 in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$83.10.

Check Out Our Latest Analysis on POW

Power Co. of Canada Stock Up 1.7%

POW stock traded up C$1.33 during trading on Thursday, reaching C$80.51. 556,873 shares of the stock were exchanged, compared to its average volume of 2,444,385. The firm’s 50 day moving average is C$70.33 and its 200 day moving average is C$69.83. Power Co. of Canada has a twelve month low of C$49.10 and a twelve month high of C$80.85. The company has a current ratio of 1.44, a quick ratio of 107.64 and a debt-to-equity ratio of 105.91. The firm has a market cap of C$50.95 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 0.57 and a beta of 0.71.

Power Co. of Canada (TSE:POWGet Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. The firm had revenue of C$10.96 billion during the quarter. Power Co. of Canada had a net margin of 6.98% and a return on equity of 10.81%. As a group, research analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current year.

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Power Co. of Canada Company Profile

(Get Free Report)

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.

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