Power Co. of Canada (TSE:POW) Upgraded at Scotiabank

Power Co. of Canada (TSE:POW) was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a C$47.00 price objective on the financial services provider’s stock. Scotiabank’s price objective points to a potential upside of 17.35% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Desjardins increased their target price on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. CIBC lifted their price target on Power Co. of Canada from C$40.00 to C$43.00 in a research note on Thursday, May 9th. TD Securities upped their price objective on Power Co. of Canada from C$42.00 to C$44.00 in a research report on Friday, May 10th. Finally, Royal Bank of Canada lifted their target price on Power Co. of Canada from C$45.00 to C$46.00 in a research report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$42.70.

Power Co. of Canada Trading Up 0.4 %

Power Co. of Canada stock traded up C$0.16 during mid-day trading on Thursday, hitting C$40.05. 479,679 shares of the company’s stock were exchanged, compared to its average volume of 2,768,348. The company’s 50 day simple moving average is C$37.98 and its 200-day simple moving average is C$37.98. The company has a quick ratio of 107.64, a current ratio of 90.10 and a debt-to-equity ratio of 48.88. The firm has a market capitalization of C$23.83 billion, a P/E ratio of 9.80, a PEG ratio of 0.95 and a beta of 1.10. Power Co. of Canada has a fifty-two week low of C$32.33 and a fifty-two week high of C$40.59.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). Power Co. of Canada had a return on equity of 10.37% and a net margin of 7.84%. The business had revenue of C$21.37 billion for the quarter. On average, equities analysts anticipate that Power Co. of Canada will post 4.5839161 earnings per share for the current year.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.