Power Co. of Canada (TSE:POW) Receives Average Recommendation of “Hold” from Analysts

Shares of Power Co. of Canada (TSE:POW) have been given an average rating of “Hold” by the nine research firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$69.50.

A number of research analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. CIBC set a C$75.00 target price on shares of Power Co. of Canada and gave the company a “neutral” rating in a research note on Wednesday, November 19th. TD Securities cut shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. National Bankshares increased their price objective on shares of Power Co. of Canada from C$58.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Monday, October 27th. Finally, Desjardins boosted 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.

Power Co. of Canada Stock Performance

Shares of POW opened at C$74.05 on Wednesday. The firm has a market capitalization of C$47.17 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93. Power Co. of Canada has a one year low of C$41.88 and a one year high of C$74.91. The stock’s fifty day moving average is C$70.69 and its 200-day moving average is C$62.12.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$1.35 earnings per share (EPS) for the quarter. The company had revenue of C$9.89 billion for the quarter. Power Co. of Canada had a net margin of 4.45% and a return on equity of 10.06%. Analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current fiscal 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.