Royal Bank Of Canada Boosts Power Co. of Canada (TSE:POW) Price Target to C$86.00

Power Co. of Canada (TSE:POWGet Free Report) had its price target raised by analysts at Royal Bank Of Canada from C$73.00 to C$86.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 6.82% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a report on Tuesday. Desjardins increased their target price on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Scotiabank increased their target price on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Canadian Imperial Bank of Commerce increased their target price on shares of Power Co. of Canada from C$75.00 to C$78.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Finally, TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 target price for the company in a research note on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$83.10.

Read Our Latest Stock Analysis on Power Co. of Canada

Power Co. of Canada Stock Performance

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

Power Co. of Canada (TSE:POWGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. Power Co. of Canada had a net margin of 6.98% and a return on equity of 10.81%. The company had revenue of C$10.96 billion for the quarter. Sell-side analysts anticipate that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Key Stories Impacting Power Co. of Canada

Here are the key news stories impacting Power Co. of Canada this week:

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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