Power Co. of Canada (TSE:POW) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Power Co. of Canada has a “Moderate Buy” consensus rating from 10 brokerages: five recommend holding, four recommend buying, and one rates it a strong buy. The average 12-month price target is C$86.60.
• Several analysts recently raised their price targets, including National Bank Financial to C$102 and TD to C$101; Jefferies also upgraded the stock to “strong buy.”
• Shares opened at C$94.37, near the company’s 12-month high of C$97.66. In its latest quarter, Power Co. reported C$1.55 in earnings per share and C$11.70 billion in revenue.

Power Co. of Canada (TSE:POW - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$86.60.

A number of analysts recently commented on POW shares. National Bank Financial increased their price objective on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a "sector perform" rating in a research note on Monday, July 27th. TD raised their price target on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the company a "hold" rating in a report on Friday, July 31st. Jefferies Financial Group upgraded Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price target on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$94.37 on Monday. 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 firm has a market capitalization of C$59.24 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 0.57 and a beta of 0.65. Power Co. of Canada has a 12 month low of C$57.10 and a 12 month high of C$97.66. The business's 50 day simple moving average is C$92.71 and its 200-day simple moving average is C$81.91.

Power Co. of Canada (TSE:POW - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share for the quarter. The business had revenue of C$11.70 billion during the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%. As a group, equities analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

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.

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