RBC Capital Initiates Coverage on Power Corporation of Canada (POW)
RBC Capital started coverage on shares of Power Corporation of Canada (TSE:POW) in a research note issued on Wednesday, Analyst Ratings News reports. The firm set an “outperform” rating and a C$35.00 price target on the stock. RBC Capital’s price objective would indicate a potential upside of 13.75% from the company’s current price.
A number of other firms have also recently commented on POW. Analysts at CIBC raised their price target on shares of Power Corporation of Canada from C$32.25 to C$34.00 in a research note to investors on Monday, November 18th. Separately, analysts at TD Securities upgraded shares of Power Corporation of Canada from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 18th. They now have a C$35.00 price target on the stock, up previously from C$31.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Power Corporation of Canada from C$33.00 to C$35.00 in a research note to investors on Friday, November 15th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Power Corporation of Canada has an average rating of “Buy” and an average price target of C$32.81.
Power Corporation of Canada (TSE:POW) traded up 1.30% during mid-day trading on Wednesday, hitting $31.17. 204,801 shares of the company’s stock traded hands. Power Corporation of Canada has a 52-week low of $25.02 and a 52-week high of $32.82. The stock has a 50-day moving average of $31.55 and a 200-day moving average of $30.16. The company has a market cap of $14.343 billion and a price-to-earnings ratio of 18.32.
Power Corporation of Canada (TSE:POW) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.13. On average, analysts predict that Power Corporation of Canada will post $2.27 earnings per share for the current fiscal year.
Power Corporation of Canada (TSE:POW) is a holding company.
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