Power Co. of Canada (TSE:POW) Price Target Raised to C$85.00

Power Co. of Canada (TSE:POWFree Report) had its price target raised by National Bank Financial from C$77.00 to C$85.00 in a research note published on Wednesday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the financial services provider’s stock.

POW has been the topic of several other research reports. BMO Capital Markets lifted their price target on Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a report on Tuesday. TD Securities upgraded 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, March 20th. Canadian Imperial Bank of Commerce lifted their price target on Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “hold” rating in a report on Friday, March 20th. Royal Bank Of Canada upgraded Power Co. of Canada from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$69.00 to C$73.00 in a report on Friday, March 20th. Finally, Desjardins lifted their price target on 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. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$83.10.

Read Our Latest Report on Power Co. of Canada

Power Co. of Canada Trading Down 1.2%

Shares of POW stock opened at C$79.76 on Wednesday. Power Co. of Canada has a fifty-two week low of C$49.76 and a fifty-two week high of C$80.88. The company has a debt-to-equity ratio of 105.91, a quick ratio of 107.64 and a current ratio of 1.44. The stock’s fifty day moving average is C$70.84 and its two-hundred day moving average is C$70.01. The firm has a market capitalization of C$50.26 billion, a P/E ratio of 19.17, a PEG ratio of 0.57 and a beta of 0.71.

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

Power Co. of Canada News Summary

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Power Co. of Canada Company Profile

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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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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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