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

Shares of Power Co. of Canada (TSE:POW) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$47.31.

Several equities research analysts have recently issued reports on POW shares. National Bankshares increased their price objective 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 report on Wednesday, October 30th. BMO Capital Markets lifted their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. TD Securities upped their price objective on Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, CIBC lifted their target price on Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday, November 13th.

Power Co. of Canada Stock Performance

POW stock opened at C$45.70 on Friday. Power Co. of Canada has a 1-year low of C$35.83 and a 1-year high of C$47.89. The business’s 50-day moving average price is C$45.72 and its two-hundred day moving average price is C$42.06. The firm has a market cap of C$27.07 billion, a PE ratio of 10.41, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The business had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. As a group, research analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share 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.