National Bankshares Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW - Get Free Report) had its target price boosted by equities research analysts at National Bankshares from C$42.00 to C$47.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the financial services provider's stock. National Bankshares' price target indicates a potential upside of 5.64% from the stock's previous close.

Several other brokerages have also issued reports on POW. TD Securities upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Royal Bank of Canada increased their target price on shares of 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. Jefferies Financial Group reduced their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Desjardins raised their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Finally, CIBC decreased their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$43.83.

Power Co. of Canada Price Performance

Power Co. of Canada stock traded down C$0.33 during midday trading on Wednesday, reaching C$44.49. 281,757 shares of the stock were exchanged, compared to its average volume of 3,005,566. Power Co. of Canada has a 52 week low of C$33.09 and a 52 week high of C$44.86. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The firm has a market cap of C$26.36 billion, a PE ratio of 10.15, a PEG ratio of 0.57 and a beta of 1.09. The company's fifty day moving average is C$42.35 and its 200-day moving average is C$39.86.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.12 by C$0.05. The company had revenue of C$9.91 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. On average, sell-side analysts forecast that Power Co. of Canada will post 4.9831081 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.