TD Securities Increases Power Co. of Canada (TSE:POW) Price Target to C$49.00

Power Co. of Canada (TSE:POW) had its target price boosted by research analysts at TD Securities from C$44.00 to C$49.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Securities’ target price would suggest a potential upside of 7.17% from the stock’s previous close.

POW has been the subject of a number of other reports. CIBC upped their price target on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday. Royal Bank of Canada lifted their price objective on shares of 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. National Bankshares boosted their price objective on 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 note on Friday, August 2nd. Finally, BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Power Co. of Canada has an average rating of “Moderate Buy” and an average target price of C$46.39.

Power Co. of Canada Trading Up 1.6 %

Shares of Power Co. of Canada stock traded up C$0.70 during trading hours on Thursday, reaching C$45.72. The stock had a trading volume of 480,113 shares, compared to its average volume of 2,928,976. The firm has a market capitalization of C$27.09 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 1 year low of C$35.52 and a 1 year 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 firm has a 50 day simple moving average of C$43.51 and a two-hundred day simple moving average of C$40.48.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results 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 8.29% and a return on equity of 11.29%. The business had revenue of C$5.29 billion during the quarter. As a group, equities research analysts anticipate that Power Co. of Canada will post 4.9289678 earnings per share 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.