CIBC Issues Pessimistic Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its price objective reduced by investment analysts at CIBC from C$51.00 to C$48.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the financial services provider’s stock. CIBC’s price target indicates a potential upside of 8.67% from the company’s current price.

Other research analysts have also issued reports about the stock. National Bankshares lifted their price target on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. TD Securities upped their target price on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, BMO Capital Markets raised their price target on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$46.94.

Power Co. of Canada Stock Up 0.6 %

Shares of TSE:POW traded up C$0.25 during midday trading on Thursday, reaching C$44.17. The company had a trading volume of 194,770 shares, compared to its average volume of 2,411,773. The stock has a market capitalization of C$26.17 billion, a P/E ratio of 10.06, a PEG ratio of 0.57 and a beta of 1.09. The stock’s fifty day moving average price is C$45.01 and its 200-day moving average price is C$42.90. 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 has a one year low of C$35.83 and a one year high of C$47.89.

Power Co. of Canada (TSE:POW) last issued its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The company had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. Equities research analysts expect 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.