Power Co. of Canada (TSE:POW) Receives Average Recommendation of “Hold” from Brokerages

Power Co. of Canada (TSE:POW – Get Free Report) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$86.60.

A number of research analysts recently commented on the stock. 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 company a “market perform” rating in a report on Tuesday, May 12th. Jefferies Financial Group boosted their price objective on Power Co. of Canada from C$73.00 to C$90.00 in a research note on Thursday, May 14th. TD Securities downgraded Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Scotia raised their price objective on Power Co. of Canada from C$79.00 to C$90.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 14th. Finally, Desjardins raised their price objective on Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, May 14th.

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Power Co. of Canada Price Performance

Power Co. of Canada stock opened at C$95.80 on Friday. Power Co. of Canada has a 52-week low of C$55.36 and a 52-week high of C$97.66. The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52. The firm’s fifty day moving average is C$88.13 and its 200 day moving average is C$76.53. The company has a market cap of C$60.37 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 0.57 and a beta of 0.73.

Power Co. of Canada (TSE:POW – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported C$1.55 EPS for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. The business had revenue of C$11.70 billion during the quarter. Sell-side analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

About Power Co. of Canada

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Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.

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