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

Power Co. of Canada (TSE:POW) had its price objective hoisted by research analysts at TD Securities from C$44.00 to C$49.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective suggests a potential upside of 7.41% from the stock’s current price.

A number of other research analysts have also issued reports on POW. CIBC upped their target price on shares of Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. National Bankshares lifted their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday. Finally, Desjardins raised their price objective on 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.31.

Power Co. of Canada Stock Up 0.1 %

POW stock opened at C$45.62 on Thursday. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The company’s 50 day simple moving average is C$43.68 and its 200-day simple moving average is C$40.60. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$47.18. The firm has a market capitalization of C$27.03 billion, a PE ratio of 10.39, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing the consensus estimate of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The company had revenue of C$5.29 billion for the quarter. Equities 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.