Power Co. of Canada (TSE:POW) Given New C$105.00 Price Target at Desjardins

Power Co. of Canada (TSE:POW) had its target price hoisted by Desjardins from C$104.00 to C$105.00 in a research report report published on Friday morning,BayStreet reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on POW. TD raised their price objective on Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Royal Bank Of Canada boosted their target price on Power Co. of Canada from C$103.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Finally, National Bank Financial increased their price target on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus target price of C$91.20.

Power Co. of Canada Stock Up 1.0%

Shares of TSE POW opened at C$93.90 on Friday. The company has a current ratio of 0.66, a quick ratio of 107.64 and a debt-to-equity ratio of 90.03. Power Co. of Canada has a 12-month low of C$62.50 and a 12-month high of C$98.49. The firm’s 50-day moving average price is C$93.00 and its 200-day moving average price is C$82.90. The stock has a market capitalization of C$58.94 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 0.57 and a beta of 0.57.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Wednesday, November 11th. The financial services provider reported C$1.53 EPS for the quarter. Power Co. of Canada had a return on equity of 12.08% and a net margin of 11.02%. The company had revenue of C$10.81 billion during the quarter. On average, equities research analysts anticipate that Power Co. of Canada will post 4.93 EPS for the current fiscal year.

Power Co. of Canada Company Profile

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.