Power Co. of Canada (TSE:POW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Power Co. of Canada (TSE:POW) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$47.31.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. BMO Capital Markets increased their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. TD Securities boosted their price target on Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. CIBC upped their price target on Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday, November 13th. Finally, Desjardins lifted their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, August 12th.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$47.41 on Tuesday. The firm’s 50 day moving average price is C$45.01 and its 200-day moving average price is C$41.46. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. The stock has a market capitalization of C$28.09 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$47.89.

Power Co. of Canada (TSE:POW) last announced its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The company had revenue of C$5.29 billion during the quarter. Equities research analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current year.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.