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

Shares of Power Co. of Canada (TSE:POW) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$47.31.

Several analysts recently commented on the company. BMO Capital Markets boosted their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. National Bankshares boosted 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 note on Wednesday, October 30th. TD Securities upped their target price on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, CIBC lifted their price target on shares of Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday, November 13th.

Power Co. of Canada Price Performance

Shares of Power Co. of Canada stock opened at C$45.70 on Friday. The firm has a market cap of C$27.07 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The firm’s 50-day simple moving average is C$45.72 and its 200-day simple moving average is C$42.06. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$47.89. 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 earnings per share 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 company had revenue of C$5.29 billion for the quarter. As a group, research analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current fiscal 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.