Power Co. of Canada (TSE:POW) Price Target Raised to C$90.00 at Jefferies Financial Group

Power Co. of Canada (TSE:POWGet Free Report) had its price objective boosted by research analysts at Jefferies Financial Group from C$73.00 to C$90.00 in a report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential upside of 11.79% from the company’s previous close.

Other research analysts have also issued reports about the stock. Desjardins increased their price target on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday. 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 for the company in a research note on Friday, March 20th. BMO Capital Markets increased their price target on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a research note on Tuesday. Scotiabank increased their price target on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Power Co. of Canada from C$75.00 to C$78.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$83.10.

View Our Latest Stock Report on POW

Power Co. of Canada Stock Up 1.7%

Power Co. of Canada stock traded up C$1.33 during trading hours on Thursday, hitting C$80.51. 556,873 shares of the stock traded hands, compared to its average volume of 2,444,385. The firm’s 50-day moving average price is C$70.33 and its two-hundred day moving average price is C$69.83. The company has a current ratio of 1.44, a quick ratio of 107.64 and a debt-to-equity ratio of 105.91. The company has a market cap of C$50.95 billion, a PE ratio of 20.43, a PEG ratio of 0.57 and a beta of 0.71. Power Co. of Canada has a one year low of C$49.10 and a one year high of C$80.85.

Power Co. of Canada (TSE:POWGet Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. The company had revenue of C$10.96 billion during the quarter. Power Co. of Canada had a net margin of 6.98% and a return on equity of 10.81%. On average, research analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current year.

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Power Co. of Canada Company Profile

(Get Free Report)

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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