Power Co. of Canada (TSE:POW) Upgraded at CIBC

CIBC upgraded shares of Power Co. of Canada (TSE:POW) from a neutral rating to an outperform rating in a research report report published on Friday morning,BayStreet.CA reports. The brokerage currently has C$55.00 target price on the financial services provider’s stock, up from their prior target price of C$48.00.

Several other research firms also recently weighed in on POW. BMO Capital Markets raised their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. 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, National Bankshares boosted their price objective 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Power Co. of Canada presently has an average rating of “Moderate Buy” and an average price target of C$47.81.

Power Co. of Canada Stock Up 2.3 %

TSE POW opened at C$47.85 on Friday. 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 stock has a market capitalization of C$28.35 billion, a PE ratio of 10.90, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$47.89. The business’s 50-day moving average price is C$44.75.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing the consensus estimate 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 business had revenue of C$5.29 billion during the quarter. On average, equities research analysts expect that Power Co. of Canada will post 4.9289678 earnings per share 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.