Power Co. of Canada (TSE:POW) Receives Average Recommendation of "Moderate Buy" from Analysts

Power Co. of Canada (TSE:POW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$47.31.

Several equities research analysts have commented on the company. CIBC boosted their price objective on Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday, November 13th. BMO Capital Markets increased their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. TD Securities lifted their target price on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, National Bankshares increased their target price 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.

Power Co. of Canada Price Performance

POW traded down C$0.25 during trading on Wednesday, hitting C$43.10. The company's stock had a trading volume of 2,599,964 shares, compared to its average volume of 2,790,194. The firm has a market capitalization of C$25.53 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$47.89. The business's fifty day simple moving average is C$45.22 and its 200 day simple moving average is C$42.73. 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 (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 (EPS) for the quarter, missing analysts' consensus estimates of C$1.14 by C($0.32). The company had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. On average, equities research analysts forecast that Power Co. of Canada will post 4.9289678 EPS 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.