Power Co. of Canada (TSE:POW) Price Target Raised to C$69.00

Power Co. of Canada (TSE:POW) had its target price lifted by Royal Bank Of Canada from C$68.00 to C$69.00 in a report issued on Monday,BayStreet.CA reports. They currently have a sector perform rating on the financial services provider’s stock.

A number of other research firms also recently commented on POW. TD Securities downgraded shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. CIBC set a C$75.00 price target on Power Co. of Canada and gave the company a “neutral” rating in a report on Wednesday, November 19th. Jefferies Financial Group lifted their price objective on Power Co. of Canada from C$60.00 to C$68.00 in a research report on Friday, November 14th. National Bankshares upped their target price on Power Co. of Canada from C$58.00 to C$64.00 and gave the company a “sector perform” rating in a report on Monday, October 27th. Finally, BMO Capital Markets raised their target price on Power Co. of Canada from C$60.00 to C$71.00 in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$69.63.

Power Co. of Canada Stock Down 0.6%

Shares of POW opened at C$69.21 on Monday. Power Co. of Canada has a 52-week low of C$42.50 and a 52-week high of C$74.91. The firm’s fifty day moving average is C$71.97 and its two-hundred day moving average is C$64.12. The stock has a market cap of C$44.09 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93.

Power Co. of Canada (TSE:POW) last issued its earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 EPS for the quarter. The business had revenue of C$9.89 billion during the quarter. Power Co. of Canada had a net margin of 4.45% and a return on equity of 10.06%. As a group, 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 Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). Power Corp. bought out the remaining shares of Power Financial in February 2020.