Power Co. of Canada (TSE:POW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Power Co. of Canada (TSE:POW) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$47.31.

Several brokerages recently weighed in on POW. Jefferies Financial Group dropped their price target on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. BMO Capital Markets lifted their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday. TD Securities increased their price target on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a research report on Thursday. Scotiabank raised their price objective on Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada upped their target price on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th.

Power Co. of Canada Trading Up 1.3 %

TSE POW opened at C$45.59 on Friday. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. Power Co. of Canada has a 52 week low of C$35.52 and a 52 week high of C$47.18. The business has a 50 day moving average price of C$43.59 and a 200-day moving average price of C$40.54. The company has a market cap of C$27.01 billion, a price-to-earnings ratio of 10.38, 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 EPS for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The business had revenue of C$5.29 billion for the quarter. As a group, equities analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal 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.