Power Financial (PWF) Price Target Lowered to C$34.00 at TD Securities

Power Financial (TSE:PWF) had its target price reduced by TD Securities from C$35.00 to C$34.00 in a note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 13.33% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Power Financial from C$31.00 to C$33.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. CIBC upped their price objective on shares of Power Financial from C$32.50 to C$37.00 in a research note on Thursday, March 21st. Desjardins upped their price objective on shares of Power Financial from C$33.00 to C$34.00 in a research note on Tuesday, March 12th. Finally, Royal Bank of Canada upped their price objective on shares of Power Financial from C$33.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 12th.

TSE:PWF traded down C$0.32 during trading hours on Thursday, hitting C$30.00. The company’s stock had a trading volume of 401,709 shares, compared to its average volume of 800,176. The firm has a market capitalization of $20.14 billion and a PE ratio of 9.56. The company has a debt-to-equity ratio of 46.69, a current ratio of 1.67 and a quick ratio of 0.90. Power Financial has a 52-week low of C$25.05 and a 52-week high of C$33.27.

Power Financial (TSE:PWF) last posted its earnings results on Wednesday, March 20th. The financial services provider reported C$0.65 EPS for the quarter. As a group, equities analysts anticipate that Power Financial will post 3.78999997873597 EPS for the current year.

Power Financial Company Profile

Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, and health insurance products, as well as wealth savings and income products, and specialty products. The company also provides financial products, including employer-sponsored defined contribution plans, individual retirement accounts, enrollment services, communication materials, investment options and education services, fund management services, and investment and advisory services.

Read More: What is intrinsic value?

Receive News & Ratings for Power Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Financial and related companies with MarketBeat.com's FREE daily email newsletter.