Power Co. of Canada (TSE:POW) Rating Lowered to Hold at TD

Power Co. of Canada (TSE:POWGet Free Report) was downgraded by stock analysts at TD from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$84.00 price target on the financial services provider’s stock, up from their prior price target of C$74.00. TD’s price objective points to a potential upside of 5.32% from the stock’s previous close.

Other analysts have also issued research reports about the stock. National Bank Financial increased their price target on shares of Power Co. of Canada from C$77.00 to C$85.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Royal Bank Of Canada upgraded shares of Power Co. of Canada from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$69.00 to C$73.00 in a research report on Friday, March 20th. BMO Capital Markets increased their price target 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 research report on Tuesday. Canadian Imperial Bank of Commerce increased their price target on shares of Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. Finally, Desjardins increased their price target on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$83.10.

Read Our Latest Research Report on POW

Power Co. of Canada Trading Down 1.2%

Shares of POW stock opened at C$79.76 on Thursday. The company has a current ratio of 1.44, a quick ratio of 107.64 and a debt-to-equity ratio of 105.91. The stock has a market cap of C$50.26 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 0.57 and a beta of 0.71. The stock has a 50 day simple moving average of C$70.84 and a 200 day simple moving average 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.

Power Co. of Canada (TSE:POWGet Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts predict that Power Co. of Canada will post 4.9289678 earnings per share 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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