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 analysts, with five holds, four buys, and one strong buy. The average 12-month price target is C$86.60.
• Several brokerages recently raised their price targets, including TD to C$101 and National Bank Financial to C$102; Jefferies also upgraded the stock to “strong buy.”
• The company reported quarterly EPS of C$1.55 on revenue of C$11.70 billion, with a 10.91% return on equity and a 7.72% net margin. Shares opened at C$88.11, compared with a 52-week range of C$60.51 to C$97.66.

Power Co. of Canada (TSE:POW - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$86.60.

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

Power Co. of Canada Price Performance

Shares of TSE POW opened at C$88.11 on Friday. The company has a fifty day moving average price of C$92.90 and a 200 day moving average price of C$85.31. The firm has a market cap of C$55.31 billion, a PE ratio of 21.70, a PEG ratio of 0.57 and a beta of 0.62. The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52. Power Co. of Canada has a 1-year low of C$60.51 and a 1-year high of C$97.66.

Power Co. of Canada (TSE:POW - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share (EPS) for the quarter. The firm had revenue of C$11.70 billion for the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%. Research analysts predict 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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