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

Shares of Power Co. of Canada (TSE:POW) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$47.31.

POW has been the subject of a number of analyst reports. TD Securities boosted their price target 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. National Bankshares boosted their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price target on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Finally, CIBC boosted their price objective on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday, November 13th.

Power Co. of Canada Stock Down 0.9 %

POW opened at C$44.84 on Friday. The company has a market capitalization of C$26.56 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The business has a 50-day moving average of C$45.78 and a 200-day moving average of C$42.22. 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 company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share 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 business had revenue of C$5.29 billion for the quarter. Equities research analysts forecast that Power Co. of Canada will post 4.9289678 EPS 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.