Brokerages Set Power Co. of Canada (TSE:POW) PT at C$83.10

Shares of Power Co. of Canada (TSE:POW) have received an average rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com 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 analysts that have issued ratings on the stock in the last year is C$83.10.

Several analysts have recently issued reports on POW shares. Scotia upped 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. Scotiabank upped their price target on Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Royal Bank Of Canada upped their price target on Power Co. of Canada from C$73.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. National Bank Financial upped 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 upped 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 Performance

POW opened at C$86.62 on Friday. The company has a market cap of C$54.59 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The stock has a 50-day moving average of C$77.51 and a 200-day moving average of C$72.17. Power Co. of Canada has a 52-week low of C$51.88 and a 52-week high of C$86.62. 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 quarterly earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. The company 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, equities research analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal 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.