Power Co. of Canada (TSE:POW) Upgraded at CIBC

Power Co. of Canada (TSE:POW) was upgraded by stock analysts at CIBC from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a C$55.00 price target on the financial services provider’s stock, up from their prior price target of C$48.00. CIBC’s price target would indicate a potential upside of 16.11% from the company’s current price.

A number of other research firms also recently weighed in on POW. TD Securities upped their price target on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. BMO Capital Markets raised their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Finally, National Bankshares lifted their target price 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 research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$47.81.

Power Co. of Canada Trading Up 1.3 %

POW traded up C$0.60 during midday trading on Friday, hitting C$47.37. The company’s stock had a trading volume of 648,904 shares, compared to its average volume of 2,258,529. The firm has a 50-day moving average price of C$44.73 and a two-hundred day moving average price of C$43.10. The firm has a market cap of C$28.06 billion, a P/E ratio of 10.79, a PEG ratio of 0.57 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$47.89.

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 analysts’ consensus estimates of C$1.14 by C($0.32). The firm had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. On average, research analysts anticipate 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.