Power Co. of Canada (TSE:POW) Given Average Recommendation of “Moderate Buy” by Brokerages

Power Co. of Canada (TSE:POW) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$47.31.

A number of brokerages have recently commented on POW. CIBC upped their target price on Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday, November 13th. National Bankshares raised their price objective 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. TD Securities boosted their target price 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. Finally, 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 report on Tuesday, November 12th.

Power Co. of Canada Trading Up 0.8 %

TSE:POW opened at C$43.35 on Wednesday. The company has a market capitalization of C$25.68 billion, a P/E ratio of 9.87, a PEG ratio of 0.57 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$47.89. The firm has a fifty day simple moving average of C$45.30 and a 200-day simple moving average of C$42.72.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data 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). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The firm had revenue of C$5.29 billion during the quarter. On average, equities research analysts anticipate that Power Co. of Canada will post 4.9289678 earnings per share 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.