Power Co. of Canada (TSE:POW) Price Target Raised to C$87.00

Power Co. of Canada (TSE:POWGet Free Report) had its price target increased by stock analysts at Desjardins from C$81.00 to C$87.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target indicates a potential upside of 8.06% from the stock’s previous close.

Several other analysts also recently commented on POW. Jefferies Financial Group raised their price objective on Power Co. of Canada from C$68.00 to C$73.00 in a research note on Friday, March 20th. Scotiabank raised their price objective on Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. BMO Capital Markets raised their price objective on Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a research note on Tuesday. TD Securities raised Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 price objective on the stock in a research note on Friday, March 20th. Finally, TD cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating and upped their price target for the company from C$74.00 to C$84.00 in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$83.10.

Check Out Our Latest Analysis on POW

Power Co. of Canada Trading Up 1.7%

Shares of Power Co. of Canada stock traded up C$1.33 during trading on Thursday, hitting C$80.51. 556,873 shares of the company were exchanged, compared to its average volume of 2,444,385. The firm has a market capitalization of C$50.95 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 0.57 and a beta of 0.71. Power Co. of Canada has a 1-year low of C$49.10 and a 1-year high of C$80.85. The firm’s fifty day moving average price is C$70.33 and its 200 day moving average price is C$69.83. The company has a debt-to-equity ratio of 105.91, a current ratio of 1.44 and a quick ratio of 107.64.

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 (EPS) for the quarter. The company had revenue of C$10.96 billion during the quarter. Power Co. of Canada had a return on equity of 10.81% and a net margin of 6.98%. As a group, sell-side analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Key Stories Impacting Power Co. of Canada

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About Power Co. of Canada

(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.

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

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