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

Power Co. of Canada (TSE:POW) has received a consensus rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$83.10.

POW has been the subject of a number of research analyst reports. TD lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$74.00 to C$84.00 in a research report on Thursday, May 14th. Royal Bank Of Canada boosted their target price on shares of Power Co. of Canada from C$73.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Scotiabank boosted their target price on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Jefferies Financial Group boosted their target price on shares of Power Co. of Canada from C$73.00 to C$90.00 in a research report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “hold” rating in a research report on Friday, March 20th.

Power Co. of Canada Price Performance

POW stock opened at C$79.76 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 107.64 and a debt-to-equity ratio of 105.91. Power Co. of Canada has a 1 year low of C$49.76 and a 1 year high of C$80.88. The company has a fifty day simple moving average of C$71.09 and a 200 day simple moving average of C$70.17. The firm has a market cap of C$50.26 billion, a PE ratio of 19.17, a PEG ratio of 0.57 and a beta of 0.71.

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

About Power Co. of Canada

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.