BMO Capital Markets Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its price objective upped by investment analysts at BMO Capital Markets from C$42.00 to C$49.00 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 8.84% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. National Bankshares boosted their price target 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. Scotiabank boosted their price target on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Royal Bank of Canada upped their price objective 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 report on Monday, August 12th. Jefferies Financial Group cut their price objective on shares of Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. Finally, Desjardins upped their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.83.

Power Co. of Canada Stock Performance

Shares of TSE:POW opened at C$45.02 on Tuesday. The company has a market cap of C$26.67 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a 50-day moving average price of C$43.51 and a 200-day moving average price of C$40.48. 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 has a 12 month low of C$34.53 and a 12 month high of C$47.18.

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). Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The company had revenue of C$5.29 billion for the quarter. As a group, equities analysts anticipate that Power Co. of Canada will post 4.9289678 EPS 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.