Jefferies Financial Group Boosts Power Co. of Canada (TSE:POW) Price Target to C$90.00

Power Co. of Canada (TSE:POWGet Free Report) had its price objective hoisted by equities researchers at Jefferies Financial Group from C$73.00 to C$90.00 in a note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 12.84% from the stock’s previous close.

POW has been the topic of several other reports. National Bank Financial increased their target price on shares of Power Co. of Canada from C$77.00 to C$85.00 and gave the stock a “sector perform” rating in a report on Wednesday. BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a report on Tuesday. Scotia increased their price target on shares of Power Co. of Canada from C$79.00 to C$90.00 and gave the company a “sector outperform” rating in a research report on Thursday. TD lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating and increased their price target for the company from C$74.00 to C$84.00 in a research report on Thursday. Finally, Desjardins increased their price target on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$83.10.

Read Our Latest Stock Analysis on POW

Power Co. of Canada Stock Down 1.2%

Shares of Power Co. of Canada stock opened at C$79.76 on Thursday. The company has a debt-to-equity ratio of 105.91, a current ratio of 1.44 and a quick ratio of 107.64. Power Co. of Canada has a 1 year low of C$49.76 and a 1 year high of C$80.88. The firm’s 50-day moving average is C$70.84 and its two-hundred day moving average is C$70.01. The stock has a market cap of C$50.26 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.57 and a beta of 0.71.

Power Co. of Canada (TSE:POWGet Free Report) last issued its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. Power Co. of Canada had a net margin of 6.98% and a return on equity of 10.81%. The company had revenue of C$10.96 billion for the quarter. As a group, research analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

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Power Co. of Canada Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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