CIBC Analysts Give Power Co. of Canada (TSE:POW) a C$75.00 Price Target

CIBC set a C$75.00 price target on Power Co. of Canada (TSE:POW) in a research report report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

POW has been the subject of several other reports. Jefferies Financial Group raised their target price on Power Co. of Canada from C$60.00 to C$68.00 in a research report on Friday, November 14th. National Bankshares upped their price objective on shares of Power Co. of Canada from C$58.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Monday, October 27th. TD Securities cut shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Scotiabank boosted their target price on shares of Power Co. of Canada from C$69.00 to C$76.00 in a report on Thursday, November 13th. Finally, Royal Bank Of Canada upped their price target on shares of Power Co. of Canada from C$60.00 to C$68.00 in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$69.50.

Power Co. of Canada Stock Up 2.3%

POW opened at C$70.27 on Wednesday. Power Co. of Canada has a twelve month low of C$41.88 and a twelve month high of C$71.97. The stock has a market capitalization of C$44.77 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 0.57 and a beta of 0.86. The company has a 50-day simple moving average of C$63.15 and a 200 day simple moving average of C$57.33.

Power Co. of Canada (TSE:POW) last issued its earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 EPS for the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%.The firm had revenue of C$9.89 billion during the quarter. Sell-side analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada Company Profile

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).