CIBC Issues Pessimistic Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price dropped by investment analysts at CIBC from C$51.00 to C$48.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. CIBC’s price objective would suggest a potential upside of 8.67% from the company’s previous close.

Several other analysts also recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. TD Securities boosted their target price 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, National Bankshares lifted their price target on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Power Co. of Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$46.94.

Power Co. of Canada Stock Performance

Shares of TSE:POW traded up C$0.25 on Thursday, reaching C$44.17. The company’s stock had a trading volume of 194,770 shares, compared to its average volume of 2,411,773. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$47.89. The stock has a market capitalization of C$26.17 billion, a P/E ratio of 10.06, a PEG ratio of 0.57 and a beta of 1.09. The stock’s 50-day moving average is C$45.01 and its two-hundred day moving average is C$42.90. 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 (TSE:POW) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The company had revenue of C$5.29 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. As a group, sell-side analysts forecast 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.