Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Power Co. of Canada (TSE:POW) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price 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 POW shares. TD Securities boosted their price target 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 report on Thursday, November 14th. National Bankshares increased their price target on 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. CIBC boosted their price target on Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets increased their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th.

Power Co. of Canada Stock Down 0.5 %

POW stock opened at C$43.88 on Friday. 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 stock has a market capitalization of C$26.00 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$47.89. The business has a 50-day moving average of C$45.77 and a 200-day moving average of C$42.29.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The business had revenue of C$5.29 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 anticipate that Power Co. of Canada will post 4.9289678 earnings per share 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.