Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Power Co. of Canada (TSE:POWGet Free Report) had its price target increased by equities researchers at Royal Bank Of Canada from C$73.00 to C$86.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 7.82% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. TD cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$74.00 to C$84.00 in a report on Thursday. Desjardins lifted their price objective on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Jefferies Financial Group lifted their price objective on shares of Power Co. of Canada from C$68.00 to C$73.00 in a report on Friday, March 20th. National Bank Financial lifted their price objective on shares of Power Co. of Canada from C$77.00 to C$85.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Power Co. of Canada from C$75.00 to C$78.00 and gave the company a “hold” rating in a report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$83.10.

View Our Latest Stock Report on Power Co. of Canada

Power Co. of Canada Stock Down 1.2%

Shares of TSE POW opened at C$79.76 on Thursday. The stock has a market capitalization of C$50.26 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.57 and a beta of 0.71. The company has a 50-day moving average price of C$70.84 and a 200-day moving average price of C$70.01. Power Co. of Canada has a 1 year low of C$49.76 and a 1 year high of C$80.88. 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 issued its quarterly earnings data on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. The firm had revenue of C$10.96 billion during the quarter. Power Co. of Canada had a net margin of 6.98% and a return on equity of 10.81%. On average, equities research analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada News Summary

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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.

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

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