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

Shares of Power Co. of Canada (TSE:POW) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$83.10.

Several research firms have recently weighed in on POW. Jefferies Financial Group increased their price target on Power Co. of Canada from C$73.00 to C$90.00 in a research note on Thursday, May 14th. Scotia increased their price target on Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 14th. Desjardins increased their price target on Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. National Bank Financial increased their price target on Power Co. of Canada from C$77.00 to C$85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Finally, TD downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and increased their price target for the stock from C$74.00 to C$84.00 in a research note on Thursday, May 14th.

Power Co. of Canada Stock Up 0.0%

Shares of TSE:POW opened at C$83.97 on Friday. The company has a market capitalization of C$52.92 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The company has a debt-to-equity ratio of 86.98, a current ratio of 0.87 and a quick ratio of 107.64. The business has a fifty day moving average price of C$75.71 and a two-hundred day moving average price of C$71.62. Power Co. of Canada has a 1 year low of C$51.05 and a 1 year high of C$84.41.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) 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%. Analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

Power Co. of Canada Company Profile

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.