Power Co. of Canada (TSE:POW) Stock Price Target Raised at Royal Bank Of Canada

Power Co. of Canada (TSE:POW) had its price target boosted by research analysts at Royal Bank Of Canada from C$103.00 to C$115.00 in a research note issued to investors on Friday, BayStreet reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada‘s price target suggests a potential upside of 22.08% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Jefferies Financial Group upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Desjardins increased their price target on shares of Power Co. of Canada from C$102.00 to C$104.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. National Bank Financial raised their price target on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Finally, TD boosted their price objective on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$91.20.

Power Co. of Canada Stock Up 1.4%

TSE:POW traded up C$1.27 during trading hours on Friday, hitting C$94.20. 536,782 shares of the company’s stock traded hands, compared to its average volume of 2,185,906. The firm has a market cap of C$59.13 billion, a P/E ratio of 23.20, a P/E/G ratio of 0.57 and a beta of 0.57. Power Co. of Canada has a twelve month low of C$62.50 and a twelve month high of C$98.49. The company has a debt-to-equity ratio of 87.52, a quick ratio of 107.64 and a current ratio of 0.71. The stock’s fifty day moving average price is C$93.00 and its two-hundred day moving average price is C$82.78.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Wednesday, November 11th. The financial services provider reported C$1.53 earnings per share (EPS) for the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%. The firm had revenue of C$10.81 billion during the quarter. On average, research analysts expect that Power Co. of Canada will post 4.93 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.