Power Co. of Canada (TSE:POW - Get Free Report) was upgraded by investment analysts at CIBC from a "neutral" rating to an "outperform" rating in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a C$55.00 target price on the financial services provider's stock, up from their previous target price of C$48.00. CIBC's target price would suggest a potential upside of 17.98% from the company's current price.
Other analysts have also issued research reports about the company. BMO Capital Markets upped their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. National Bankshares upped their price objective on 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. Finally, TD Securities upped 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 research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Power Co. of Canada has a consensus rating of "Moderate Buy" and a consensus target price of C$47.81.
Check Out Our Latest Analysis on Power Co. of Canada
Power Co. of Canada Stock Down 0.8 %
TSE POW traded down C$0.36 on Friday, reaching C$46.62. The stock had a trading volume of 301,015 shares, compared to its average volume of 2,258,715. The company has a market capitalization of C$27.62 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 91.78 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$48.01. The company's fifty day moving average price is C$44.75.
Power Co. of Canada (TSE:POW - Get Free Report) last announced its 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). 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. Sell-side 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
(
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.
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