Brokerages Set Power Co. of Canada (TSE:POW) Target Price at C$86.60

Power Co. of Canada (TSE:POW) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$86.60.

A number of research firms recently issued reports on POW. Royal Bank Of Canada boosted their target price on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. TD increased their price target on Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Jefferies Financial Group raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, National Bank Financial lifted their price objective on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th.

Power Co. of Canada Stock Performance

POW opened at C$94.22 on Monday. Power Co. of Canada has a 12-month low of C$57.10 and a 12-month high of C$97.66. The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52. The firm has a market capitalization of C$59.14 billion, a PE ratio of 23.21, a P/E/G ratio of 0.57 and a beta of 0.65. The firm has a 50 day moving average of C$92.88 and a two-hundred day moving average of C$82.45.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported C$1.55 EPS for the quarter. The business had revenue of C$11.70 billion for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. On average, analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current year.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.