Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, National Bank Financial Analyst Says

Power Co. of Canada (TSE:POW) had its price objective boosted by research analysts at National Bank Financial from C$85.00 to C$102.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. National Bank Financial’s price target would suggest a potential upside of 10.31% from the stock’s previous close.

Other research analysts also recently issued reports about the company. TD downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$74.00 to C$84.00 in a report on Thursday, May 14th. Jefferies Financial Group increased their price target on Power Co. of Canada from C$73.00 to C$90.00 in a research report on Thursday, May 14th. Desjardins raised their price target on Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. TD Securities downgraded Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada upped their price objective on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Hold” and an average target price of C$84.90.

Power Co. of Canada Trading Down 0.5%

POW stock traded down C$0.43 during mid-day trading on Monday, reaching C$92.47. The company had a trading volume of 235,752 shares, compared to its average volume of 2,365,800. 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 company has a market capitalization of C$58.27 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The firm has a 50 day moving average of C$86.94 and a 200 day moving average of C$75.85. Power Co. of Canada has a 12 month low of C$54.77 and a 12 month high of C$93.92.

Power Co. of Canada (TSE:POW) last posted its quarterly 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 net margin of 7.93% and a return on equity of 11.34%. On average, equities analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal 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.