CIBC Reiterates Outperform Rating for Power Co. of Canada (TSE:POW)


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Power Co. of Canada (TSE:POW)‘s stock had its “outperform” rating restated by equities research analysts at CIBC in a note issued to investors on Monday, Stock Target Advisor reports. They currently have a C$40.00 target price on the financial services provider’s stock. CIBC’s price target suggests a potential upside of 9.80% from the company’s previous close.

A number of other equities research analysts also recently weighed in on POW. National Bank Financial reaffirmed a “sector perform overweight” rating and set a C$38.00 price objective on shares of Power Co. of Canada in a research report on Friday, April 30th. TD Securities boosted their price target on shares of Power Co. of Canada from C$36.00 to C$38.00 and gave the company a “buy” rating in a report on Thursday, March 18th. Scotiabank boosted their target price on shares of Power Co. of Canada from C$38.50 to C$40.00 in a research report on Monday. BMO Capital Markets boosted their target price on shares of Power Co. of Canada from C$34.00 to C$35.00 in a research report on Sunday, March 21st. Finally, Royal Bank of Canada boosted their target price on shares of Power Co. of Canada from C$34.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$37.86.

POW opened at C$36.43 on Monday. The company has a 50-day moving average of C$34.00 and a 200-day moving average of C$30.66. The company has a market capitalization of C$24.65 billion and a P/E ratio of 11.83. Power Co. of Canada has a 1-year low of C$18.79 and a 1-year high of C$36.70. The company has a debt-to-equity ratio of 55.62, a quick ratio of 14.97 and a current ratio of 17.90.

Power Co. of Canada (TSE:POW) last released its earnings results on Wednesday, March 17th. The financial services provider reported C$0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.87 by C$0.06. The company had revenue of C$17.95 billion during the quarter. As a group, sell-side analysts expect that Power Co. of Canada will post 3.7500003 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.

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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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