Royal Bank Of Canada Boosts Power Co. of Canada (TSE:POW) Price Target to C$86.00

Power Co. of Canada (TSE:POWGet Free Report) had its price target boosted by stock analysts at Royal Bank Of Canada from C$73.00 to C$86.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 6.82% from the stock’s current price.

POW has been the subject of a number of other research reports. TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 price objective for the company in a research note on Friday, March 20th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a research report on Tuesday. Jefferies Financial Group boosted their price target on Power Co. of Canada from C$68.00 to C$73.00 in a research report on Friday, March 20th. TD lowered Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$74.00 to C$84.00 in a research report on Thursday. Finally, National Bank Financial boosted 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 report on Wednesday. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$83.10.

Read Our Latest Stock Report on Power Co. of Canada

Power Co. of Canada Price Performance

POW stock traded up C$1.33 during trading on Thursday, hitting C$80.51. The stock had a trading volume of 556,873 shares, compared to its average volume of 2,444,385. The company’s 50 day moving average price is C$70.33 and its two-hundred day moving average price is C$69.83. Power Co. of Canada has a 1-year low of C$49.10 and a 1-year high of C$80.85. The stock has a market cap of C$50.95 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 0.57 and a beta of 0.71. The company has a debt-to-equity ratio of 105.91, a quick ratio of 107.64 and a current ratio of 1.44.

Power Co. of Canada (TSE:POWGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. Power Co. of Canada had a return on equity of 10.81% and a net margin of 6.98%.The business had revenue of C$10.96 billion for the quarter. On average, sell-side analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada News Roundup

Here are the key news stories impacting Power Co. of Canada this week:

About Power Co. of Canada

(Get Free Report)

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.

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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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