TD Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price lifted by TD from C$84.00 to C$101.00 in a research note published on Friday morning,BayStreet.CA reports. TD currently has a hold rating on the financial services provider’s stock.

A number of other research analysts also recently commented on the company. National Bank Financial increased their target price on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Jefferies Financial Group boosted their price target on shares of Power Co. of Canada from C$73.00 to C$90.00 in a research report on Thursday, May 14th. Royal Bank Of Canada upped their price target on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Scotia increased their price objective 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, May 14th. Finally, BMO Capital Markets lifted their price objective 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 research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$86.60.

Power Co. of Canada Price Performance

TSE:POW opened at C$95.80 on Friday. The company has a current ratio of 0.87, a quick ratio of 107.64 and a debt-to-equity ratio of 86.98. The company has a market capitalization of C$60.37 billion, a P/E ratio of 23.03, a P/E/G ratio of 0.57 and a beta of 0.73. Power Co. of Canada has a 12 month low of C$55.36 and a 12 month high of C$97.66. The business’s 50-day moving average is C$88.13 and its 200 day moving average is C$76.53.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported C$1.55 EPS for the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%.The company had revenue of C$11.70 billion during the quarter. On average, equities research analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.