Power Co. of Canada (POW) Given New C$32.00 Price Target at TD Securities

Power Co. of Canada (TSE:POW) had its price objective cut by TD Securities from C$33.00 to C$32.00 in a research report issued on Thursday, BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 13.48% from the company’s current price.

Other research analysts also recently issued reports about the company. CIBC upped their price target on Power Co. of Canada from C$30.00 to C$34.00 in a report on Friday, March 22nd. Desjardins upped their price target on Power Co. of Canada from C$30.00 to C$31.00 in a report on Tuesday, March 12th. BMO Capital Markets upped their price target on Power Co. of Canada from C$31.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada upped their price target on Power Co. of Canada from C$31.00 to C$34.00 and gave the company a “sector perform” rating in a report on Tuesday, March 12th.

Power Co. of Canada stock traded down C$0.35 during mid-day trading on Thursday, hitting C$28.20. The company had a trading volume of 578,831 shares, compared to its average volume of 1,585,054. The company has a current ratio of 9.93, a quick ratio of 9.29 and a debt-to-equity ratio of 46.80. Power Co. of Canada has a 12 month low of C$23.35 and a 12 month high of C$32.60. The company has a market capitalization of $10.59 billion and a price-to-earnings ratio of 10.23.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.60 earnings per share (EPS) for the quarter. The business had revenue of C$12.66 million for the quarter. On average, equities research analysts predict that Power Co. of Canada will post 3.67999992903581 EPS for the current year.

About Power Co. of Canada

Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.

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