Power Co. of Canada (TSE:POW) PT Raised to C$47.00

Power Co. of Canada (TSE:POW - Get Free Report) had its price target raised by stock analysts at Scotiabank from C$46.50 to C$47.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank's target price indicates a potential upside of 17.15% from the stock's previous close.

Several other analysts have also recently commented on the company. Jefferies Financial Group raised their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a "buy" rating in a report on Tuesday. TD Securities lifted their price objective on Power Co. of Canada from C$42.00 to C$44.00 in a report on Friday. National Bankshares lifted their price objective on Power Co. of Canada from C$41.00 to C$42.00 in a report on Thursday. Desjardins lifted their price objective on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Finally, BMO Capital Markets lifted their price objective on Power Co. of Canada from C$41.00 to C$42.00 and gave the stock a "market perform" rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$42.70.

Power Co. of Canada Stock Down 0.7 %

Shares of TSE POW traded down C$0.28 during midday trading on Friday, hitting C$40.12. 1,949,995 shares of the company's stock were exchanged, compared to its average volume of 2,913,522. The company has a debt-to-equity ratio of 50.75, a current ratio of 23.47 and a quick ratio of 107.64. Power Co. of Canada has a twelve month low of C$32.33 and a twelve month high of C$40.59. The company has a market cap of C$23.88 billion, a PE ratio of 11.70, a P/E/G ratio of 0.95 and a beta of 1.09. The firm's fifty day simple moving average is C$37.97 and its 200-day simple moving average is C$37.61.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share for the quarter, missing the consensus estimate of C$1.00 by C($0.11). The business had revenue of C$21.37 billion for the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. Research analysts predict that Power Co. of Canada will post 4.5329341 EPS for the current fiscal year.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.