Desjardins Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its price objective increased by equities researchers at Desjardins from C$104.00 to C$105.00 in a research report issued on Friday, BayStreet reports. The firm currently has a “buy” rating on the financial services provider’s stock. Desjardins‘s price objective would suggest a potential upside of 11.46% from the stock’s current price.

A number of other equities analysts have also commented on POW. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. National Bank Financial upped their price objective on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Royal Bank Of Canada raised their price objective on shares of Power Co. of Canada from C$103.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday. Finally, TD lifted their target price on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$91.20.

Power Co. of Canada Price Performance

Shares of TSE:POW traded up C$1.27 on Friday, hitting C$94.20. The stock had a trading volume of 536,782 shares, compared to its average volume of 2,185,906. Power Co. of Canada has a twelve month low of C$62.50 and a twelve month high of C$98.49. The company has a debt-to-equity ratio of 87.52, a quick ratio of 107.64 and a current ratio of 0.71. The firm’s 50 day moving average price is C$93.00 and its 200-day moving average price is C$82.78. The company has a market capitalization of C$59.13 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 0.57 and a beta of 0.57.

Power Co. of Canada (TSE:POW) last posted its earnings results on Wednesday, November 11th. The financial services provider reported C$1.53 earnings per share for the quarter. The business had revenue of C$10.81 billion for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. On average, equities research analysts predict that Power Co. of Canada will post 4.93 earnings per share for the current year.

Power Co. of Canada Company Profile

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.