Power Co. of Canada (TSE:POW) Given Consensus Rating of “Hold” by Brokerages

Power Co. of Canada (TSE:POW) has been given an average rating of “Hold” by the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$69.63.

Several research analysts recently issued reports on POW shares. BMO Capital Markets lifted their price objective on Power Co. of Canada from C$60.00 to C$71.00 in a research report on Wednesday, November 12th. Jefferies Financial Group raised their price target on Power Co. of Canada from C$60.00 to C$68.00 in a research report on Friday, November 14th. Scotiabank boosted their price target on Power Co. of Canada from C$69.00 to C$76.00 in a report on Thursday, November 13th. Desjardins increased their price objective on Power Co. of Canada from C$60.00 to C$65.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada lifted their price objective on Power Co. of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th.

Power Co. of Canada Stock Performance

Shares of POW stock opened at C$68.67 on Friday. The stock has a fifty day moving average price of C$71.93 and a 200 day moving average price of C$64.33. The stock has a market cap of C$43.75 billion, a PE ratio of 14.49, a P/E/G ratio of 0.57 and a beta of 0.93. Power Co. of Canada has a 1 year low of C$42.50 and a 1 year high of C$74.91.

Power Co. of Canada (TSE:POW) last posted 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 during the quarter. Power Co. of Canada had a net margin of 4.45% and a return on equity of 10.06%. As a group, equities research analysts predict 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.