Power Co. of Canada (TSE:POW - Get Free Report) had its price target lowered by analysts at CIBC from C$51.00 to C$48.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. CIBC's target price suggests a potential upside of 8.97% from the stock's previous close.
Other equities analysts also recently issued reports about the stock. National Bankshares upped 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 report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Finally, TD Securities raised their price target on 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Power Co. of Canada currently has an average rating of "Moderate Buy" and an average price target of C$46.94.
Read Our Latest Stock Analysis on Power Co. of Canada
Power Co. of Canada Price Performance
Shares of TSE:POW traded up C$0.18 during trading on Thursday, hitting C$44.05. 1,557,995 shares of the company's stock were exchanged, compared to its average volume of 2,423,404. The business's 50-day simple moving average is C$44.90 and its 200 day simple moving average is C$42.97. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$47.89. The company has a market cap of C$26.10 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 0.57 and a beta of 1.09.
Power Co. of Canada (TSE:POW - Get Free Report) 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 net margin of 8.29% and a return on equity of 11.29%. The firm had revenue of C$5.29 billion for the quarter. As a group, equities analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current year.
About Power Co. of Canada
(
Get Free Report)
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.
Further Reading
Before you consider Power Co. of Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Power Co. of Canada wasn't on the list.
While Power Co. of Canada currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
