TD Securities Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its target price increased by equities researchers at TD Securities from C$49.00 to C$53.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective indicates a potential upside of 11.30% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. National Bankshares lifted 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. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$48.00 to C$55.00 in a research report on Friday, February 7th. Finally, BMO Capital Markets raised their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Power Co. of Canada presently has an average rating of “Moderate Buy” and an average price target of C$48.31.

Power Co. of Canada Price Performance

Shares of TSE POW opened at C$47.62 on Thursday. Power Co. of Canada has a 1 year low of C$35.83 and a 1 year high of C$48.01. The company has a market capitalization of C$30.44 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a 50 day simple moving average of C$44.74 and a 200-day simple moving average of C$43.44.

Power Co. of Canada (TSE:POW) last posted its 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 business had revenue of C$5.29 billion for the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%. As a group, research analysts expect 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.