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

Shares of Power Co. of Canada (TSE:POW) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have given 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 equities analysts have weighed in on the company. BMO Capital Markets raised their price target on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. CIBC boosted their price target on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday, November 13th. TD Securities upped their price target 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. Desjardins lifted 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 research note on Monday, August 12th. Finally, 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.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$47.17 on Tuesday. The firm has a market cap of C$27.94 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.57 and a beta of 1.09. The firm has a fifty day moving average price of C$44.74 and a 200 day moving average price of C$41.29. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$47.48. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 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, sell-side 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.