Power Co. of Canada (TSE:POW) Price Target Raised to C$73.00

Key Points

• Jefferies raised its price target on Power Co. of Canada to C$73.00 (from C$68.00), implying about a 12.05% upside, and several other banks similarly lifted targets or upgraded ratings, leaving a consensus rating of “Moderate Buy” with an average target of C$75.38.
• POW traded at C$65.15 midday, sits near a 1‑year high of C$74.91, and carries a market cap of C$41.31 billion with a P/E of 13.74, providing valuation context for the analyst upgrades.
• In the latest quarter the company reported EPS C$1.36 on C$8.84 billion of revenue, with a return on equity of 12.83% and analysts forecasting about C$4.93 in EPS for the current fiscal year.

Power Co. of Canada (TSE:POW - Get Free Report) had its price target boosted by research analysts at Jefferies Financial Group from C$68.00 to C$73.00 in a research report issued on Friday,BayStreet.CA reports. Jefferies Financial Group's price target indicates a potential upside of 12.05% from the stock's current price.

Several other equities analysts also recently weighed in on POW. National Bank Financial lifted their price target on shares of Power Co. of Canada from C$69.00 to C$77.00 and gave the company a "sector perform" rating in a report on Wednesday, February 4th. Scotiabank boosted their price objective on Power Co. of Canada from C$76.00 to C$78.00 and gave the company an "outperform" rating in a research report on Thursday, February 19th. Royal Bank Of Canada raised Power Co. of Canada from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$69.00 to C$73.00 in a report on Friday. Desjardins boosted their target price on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Finally, TD Securities upgraded shares of Power Co. of Canada from a "hold" rating to a "buy" rating and set a C$74.00 price target on the stock in a report on Friday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$75.38.

Power Co. of Canada Stock Performance

POW traded up C$1.32 during midday trading on Friday, reaching C$65.15. The company had a trading volume of 1,735,934 shares, compared to its average volume of 2,176,090. The business has a 50-day moving average of C$67.71 and a two-hundred day moving average of C$66.58. The company has a quick ratio of 107.64, a current ratio of 3.95 and a debt-to-equity ratio of 84.71. Power Co. of Canada has a 1 year low of C$47.05 and a 1 year high of C$74.91. The company has a market cap of C$41.31 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.57 and a beta of 0.72.

Power Co. of Canada (TSE:POW - Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The financial services provider reported C$1.36 earnings per share for the quarter. The firm had revenue of C$8.84 billion for the quarter. Power Co. of Canada had a return on equity of 12.83% and a net margin of 9.73%. As a group, equities 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 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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