Power Co. of Canada (TSE:POW) Price Target Raised to C$49.00 at BMO Capital Markets

Power Co. of Canada (TSE:POW) had its price target raised by BMO Capital Markets from C$42.00 to C$49.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

POW has been the subject of a number of other reports. Scotiabank lifted their target price on Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. National Bankshares upped their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. Finally, CIBC lowered their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$47.31.

Power Co. of Canada Stock Up 0.1 %

Shares of TSE:POW opened at C$45.62 on Tuesday. The firm’s 50-day moving average is C$43.68 and its two-hundred day moving average is C$40.60. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. Power Co. of Canada has a 1 year low of C$35.83 and a 1 year high of C$47.18. The firm has a market capitalization of C$27.03 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last announced its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing the consensus estimate of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The business had revenue of C$5.29 billion for the quarter. Analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current year.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.