CIBC Boosts Power Co. of Canada (TSE:POW) Price Target to C$51.00

Power Co. of Canada (TSE:POW) had its price target raised by equities research analysts at CIBC from C$45.00 to C$51.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 11.87% from the stock’s previous close.

POW has been the subject of several other research reports. Royal Bank of Canada boosted their price target 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. BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Jefferies Financial Group cut their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Desjardins raised their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, National Bankshares boosted their price target on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$46.39.

Power Co. of Canada Trading Up 1.3 %

POW stock opened at C$45.59 on Wednesday. Power Co. of Canada has a 52-week low of C$35.52 and a 52-week high of C$47.18. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. The firm has a market cap of C$27.01 billion, a P/E ratio of 10.38, a PEG ratio of 0.57 and a beta of 1.09. The company’s 50-day simple moving average is C$43.59 and its 200-day simple moving average is C$40.54.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 11.29% and a net margin of 8.29%. As a group, equities analysts forecast 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.