Power Co. of Canada (TSE:POW) Price Target Raised to C$51.00 at CIBC

Power Co. of Canada (TSE:POW) had its target price upped by CIBC from C$45.00 to C$51.00 in a report released on Wednesday,BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. National Bankshares increased their price objective on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Scotiabank increased their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. TD Securities raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Jefferies Financial Group dropped their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Finally, BMO Capital Markets lifted their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$45.83.

Power Co. of Canada Price Performance

TSE POW opened at C$45.02 on Wednesday. The business’s fifty day moving average is C$43.51 and its 200 day moving average is C$40.48. Power Co. of Canada has a fifty-two week low of C$34.53 and a fifty-two week high of C$47.18. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The company has a market capitalization of C$26.67 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The company had revenue of C$5.29 billion for the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. Sell-side analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

Power Co. of Canada Company Profile

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.