Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, National Bankshares Analyst Says

Power Co. of Canada (TSE:POW) had its price target boosted by National Bankshares from C$69.00 to C$77.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. National Bankshares’ target price suggests a potential upside of 14.94% from the stock’s previous close.

A number of other research firms have also weighed in on POW. BMO Capital Markets upped their target price on shares of Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. Desjardins boosted their target price on Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Securities lowered shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Jefferies Financial Group raised their target price on shares of Power Co. of Canada from C$60.00 to C$68.00 in a report on Friday, November 14th. Finally, Scotiabank increased their target price on shares of Power Co. of Canada from C$69.00 to C$76.00 in a report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Power Co. of Canada presently has an average rating of “Hold” and a consensus price target of C$72.88.

Power Co. of Canada Trading Down 1.5%

Shares of TSE:POW traded down C$1.05 during mid-day trading on Wednesday, hitting C$66.99. 1,071,625 shares of the company traded hands, compared to its average volume of 1,975,131. The stock has a market cap of C$42.68 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.57 and a beta of 0.75. The stock has a 50-day moving average price of C$71.82 and a two-hundred day moving average price of C$64.61. Power Co. of Canada has a 12-month low of C$43.75 and a 12-month high of C$74.91.

Power Co. of Canada (TSE:POW) last announced its earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 earnings per share for the quarter. The firm had revenue of C$9.89 billion for the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%. As a group, analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

About Power Co. of Canada

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.