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

Shares of Power Co. of Canada (TSE:POW) have earned an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$83.20.

POW has been the topic of a number of analyst reports. Scotia upped their price target on Power Co. of Canada from C$79.00 to C$90.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 14th. TD Securities lowered Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. TD cut Power Co. of Canada from a “buy” rating to a “hold” rating and upped their target price for the company from C$74.00 to C$84.00 in a report on Thursday, May 14th. Desjardins upped their target price on Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the company a “market perform” rating in a research report on Tuesday, May 12th.

Power Co. of Canada Trading Up 1.7%

Shares of Power Co. of Canada stock opened at C$92.90 on Friday. The firm has a 50-day moving average of C$86.94 and a 200-day moving average of C$75.83. The stock has a market cap of C$58.54 billion, a PE ratio of 22.33, a PEG ratio of 0.57 and a beta of 0.73. Power Co. of Canada has a 52-week low of C$54.77 and a 52-week high of C$93.78. The company has a debt-to-equity ratio of 86.98, a quick ratio of 107.64 and a current ratio of 0.87.

Power Co. of Canada (TSE:POW) last released its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share for the quarter. The firm had revenue of C$10.96 billion during the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%. As a group, sell-side analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current year.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.