Brokerages Set Power Co. of Canada (TSE:POW) Price Target at C$47.31

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$47.31.

Several equities analysts recently commented on 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 stock a "sector perform" rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a "sector perform" rating in a report on Monday, August 12th. Desjardins boosted their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a "buy" rating in a research report on Monday, August 12th. TD Securities raised their price objective on Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, CIBC boosted their target price on Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday, November 13th.

Power Co. of Canada Price Performance

Power Co. of Canada stock traded down C$0.42 during mid-day trading on Tuesday, hitting C$46.75. 2,821,637 shares of the company were exchanged, compared to its average volume of 2,878,078. 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 12-month low of C$35.83 and a 12-month high of C$47.60. The business's 50 day simple moving average is C$44.82 and its two-hundred day simple moving average is C$41.33. The company has a market capitalization of C$27.70 billion, a P/E ratio of 10.65, a PEG ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter. Analysts forecast 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.