Analysts Set Power Co. of Canada (TSE:POW) Target Price at C$86.60

Shares of Power Co. of Canada (TSE:POW) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$86.60.

A number of brokerages recently weighed in on POW. Jefferies Financial Group raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. TD Securities cut shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. National Bank Financial increased their price target on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Scotia raised 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 report on Tuesday, May 12th.

Power Co. of Canada Stock Performance

TSE POW opened at C$91.39 on Thursday. Power Co. of Canada has a 1 year low of C$57.10 and a 1 year high of C$97.66. The company has a debt-to-equity ratio of 87.52, a current ratio of 0.71 and a quick ratio of 107.64. The stock has a market capitalization of C$57.37 billion, a PE ratio of 22.51, a P/E/G ratio of 0.57 and a beta of 0.73. The company’s 50 day simple moving average is C$91.32 and its two-hundred day simple moving average is C$78.95.

Power Co. of Canada (TSE:POW) last announced its earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share for the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%.The business had revenue of C$11.70 billion for the quarter. Analysts predict 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.