Power Co. of Canada (TSE:POW) Given New C$53.00 Price Target at TD Securities

Power Co. of Canada (TSE:POW) had its price target hoisted by equities researchers at TD Securities from C$49.00 to C$53.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective points to a potential upside of 11.98% from the stock’s current price.

Several other brokerages have also recently commented on POW. BMO Capital Markets boosted their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. National Bankshares raised 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. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Finally, CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$48.00 to C$55.00 in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$48.31.

Power Co. of Canada Stock Up 0.7 %

Shares of Power Co. of Canada stock traded up C$0.34 during midday trading on Thursday, hitting C$47.33. The company had a trading volume of 259,293 shares, compared to its average volume of 2,174,249. Power Co. of Canada has a 12-month low of C$35.83 and a 12-month high of C$48.01. The company has a fifty day simple moving average of C$44.74 and a 200 day simple moving average of C$43.33. The stock has a market cap of C$30.25 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing the consensus estimate of C$1.14 by C($0.32). Power Co. of Canada had a net margin of 4.45% and a return on equity of 10.06%. The business had revenue of C$5.29 billion during the quarter. As a group, analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current 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.