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

Shares of Power Co. of Canada (TSE:POW) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$47.31.

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

Power Co. of Canada Trading Down 0.9 %

Power Co. of Canada stock opened at C$44.84 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 firm’s 50-day moving average is C$45.78 and its 200-day moving average is C$42.22. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The company has a market cap of C$26.56 billion, a P/E ratio of 10.21, a PEG 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 (EPS) for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The company 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, equities analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current 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.