Power Co. of Canada (TSE:POW) Price Target Raised to C$49.00 at TD Securities

Power Co. of Canada (TSE:POW) had its price target boosted by TD Securities from C$44.00 to C$49.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

POW has been the topic of several other reports. National Bankshares upped their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. BMO Capital Markets boosted their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. CIBC lifted their price objective on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday. Finally, Scotiabank increased their target price on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Power Co. of Canada has a consensus rating of “Moderate Buy” and an average price target of C$47.31.

Power Co. of Canada Stock Performance

TSE POW opened at C$45.62 on Thursday. 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 business has a 50 day simple moving average of C$43.68 and a two-hundred day simple moving average of C$40.63. The stock has a market capitalization of C$27.03 billion, a PE ratio of 10.39, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last announced its quarterly 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). The business had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. On average, research analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada Company Profile

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.