Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, National Bankshares Analyst Says

Power Co. of Canada (TSE:POW - Get Free Report) had its target price boosted by investment analysts at National Bankshares from C$42.00 to C$47.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. National Bankshares' price target suggests a potential upside of 5.83% from the company's current price.

Several other equities research analysts have also recently weighed in on POW. Jefferies Financial Group reduced their price target on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. CIBC decreased their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Scotiabank lifted their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. TD Securities upgraded Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Finally, Desjardins lifted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Power Co. of Canada presently has a consensus rating of "Moderate Buy" and a consensus target price of C$43.83.

Power Co. of Canada Price Performance

Shares of Power Co. of Canada stock traded down C$0.41 during trading on Wednesday, reaching C$44.41. 1,267,998 shares of the stock traded hands, compared to its average volume of 3,010,619. 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 current ratio of 91.78 and a quick ratio of 107.64. The business has a fifty day simple moving average of C$42.35 and a two-hundred day simple moving average of C$39.86. The company has a market capitalization of C$26.31 billion, a price-to-earnings ratio of 10.12, a P/E/G 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 Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, beating the consensus estimate of C$1.12 by C$0.05. The business had revenue of C$9.91 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. Sell-side analysts expect that Power Co. of Canada will post 4.9289678 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.