Power Co. of Canada (TSE:POW) Price Target Cut to C$42.00 by Analysts at Barclays

Power Co. of Canada (TSE:POW – Get Rating) had its target price lowered by stock analysts at Barclays to C$42.00 in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. Barclays‘s price objective points to a potential upside of 19.18% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. National Bankshares decreased their target price on Power Co. of Canada from C$46.00 to C$43.00 in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of Power Co. of Canada from C$47.00 to C$48.00 and gave the company a “sector perform” rating in a report on Thursday, January 20th. CIBC decreased their price objective on Power Co. of Canada from C$47.00 to C$44.00 and set a “neutral” rating for the company in a research report on Friday, March 18th. BMO Capital Markets cut their price target on shares of Power Co. of Canada from C$44.00 to C$40.00 in a report on Monday. Finally, Scotiabank decreased their target price on shares of Power Co. of Canada from C$45.50 to C$43.50 in a research report on Tuesday. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$44.81.

TSE POW traded down C$0.24 on Wednesday, hitting C$35.24. 418,391 shares of the stock were exchanged, compared to its average volume of 2,257,087. Power Co. of Canada has a fifty-two week low of C$35.09 and a fifty-two week high of C$44.53. The company has a 50-day moving average price of C$38.33 and a 200-day moving average price of C$40.58. The company has a quick ratio of 16.55, a current ratio of 19.91 and a debt-to-equity ratio of 44.67. The company has a market cap of C$23.84 billion and a PE ratio of 8.25.

Power Co. of Canada (TSE:POW – Get Rating) last issued its earnings results on Thursday, March 17th. The financial services provider reported C$0.98 EPS for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.05). The company had revenue of C$19.48 billion for the quarter. As a group, equities research analysts predict that Power Co. of Canada will post 4.6499998 EPS for the current fiscal year.

Power Co. of Canada Company Profile (Get Rating)

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.

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