Power Co. of Canada (TSE:POW) Cut to Hold at TD

Power Co. of Canada (TSE:POWGet Free Report) was downgraded by equities research analysts at TD from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$84.00 price objective on the financial services provider’s stock, up from their prior price objective of C$74.00. TD’s target price points to a potential upside of 4.36% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. TD Securities raised Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 target price for the company in a report on Friday, March 20th. Scotiabank lifted their target price on Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. BMO Capital Markets lifted their target price 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. Royal Bank Of Canada raised Power Co. of Canada from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$69.00 to C$73.00 in a report on Friday, March 20th. Finally, Desjardins lifted their target price 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. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$83.10.

Get Our Latest Stock Analysis on POW

Power Co. of Canada Stock Performance

Shares of POW traded up C$1.31 during midday trading on Thursday, reaching C$80.49. 554,573 shares of the stock were exchanged, compared to its average volume of 2,444,385. Power Co. of Canada has a twelve month low of C$49.10 and a twelve month high of C$80.85. The company has a quick ratio of 107.64, a current ratio of 1.44 and a debt-to-equity ratio of 105.91. The company has a market cap of C$50.94 billion, a P/E ratio of 20.43, a PEG ratio of 0.57 and a beta of 0.71. The stock’s 50 day simple moving average is C$70.33 and its 200 day simple moving average is C$69.83.

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

Key Headlines Impacting Power Co. of Canada

Here are the key news stories impacting Power Co. of Canada this week:

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.

Further Reading

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

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