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

Power Co. of Canada (TSE:POW) had its price objective increased by CIBC from C$45.00 to C$51.00 in a report released on Wednesday morning,BayStreet.CA reports.

POW has been the subject of several other reports. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. National Bankshares lifted their price target on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their price objective on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Scotiabank raised their price objective on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada upped their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$45.83.

Power Co. of Canada Stock Down 3.9 %

Shares of TSE:POW opened at C$45.02 on Wednesday. The company has a market cap of C$26.67 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 12 month low of C$34.53 and a 12 month high of C$47.18. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The company has a 50-day moving average price of C$43.51 and a 200 day moving average price of C$40.48.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data 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 for the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. As a group, equities research analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

Power Co. of Canada Company Profile

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.