Brokerages Set Power Co. of Canada (TSE:POW) PT at C$69.50

Shares of Power Co. of Canada (TSE:POW) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$69.50.

A number of research firms recently weighed in on POW. Desjardins lifted their target price on Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. TD Securities downgraded Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. BMO Capital Markets boosted their price objective on Power Co. of Canada from C$60.00 to C$71.00 in a research report on Wednesday, November 12th. National Bankshares upped their target price on 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. Finally, CIBC set a C$75.00 target price on Power Co. of Canada and gave the stock a “neutral” rating in a research report on Wednesday, November 19th.

Power Co. of Canada Trading Down 0.0%

Shares of POW stock opened at C$72.41 on Wednesday. The firm has a market capitalization of C$46.13 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93. Power Co. of Canada has a 1 year low of C$41.88 and a 1 year high of C$74.91. The firm’s fifty day simple moving average is C$71.15 and its 200 day simple moving average is C$62.40.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 earnings per share for the quarter. Power Co. of Canada had a net margin of 4.45% and a return on equity of 10.06%. The firm had revenue of C$9.89 billion during the quarter. Equities research 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). Power Corp. bought out the remaining shares of Power Financial in February 2020.