Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Power Co. of Canada (TSE:POWGet Rating) have earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$43.56.

Several brokerages have weighed in on POW. CIBC cut their price target on Power Co. of Canada from C$44.00 to C$40.00 and set a “neutral” rating on the stock in a report on Thursday, May 12th. National Bankshares lowered their price objective on Power Co. of Canada from C$43.00 to C$42.00 and set a “sector perform” rating for the company in a research report on Monday, May 16th. Scotiabank lowered their price objective on Power Co. of Canada from C$45.50 to C$43.50 in a research report on Tuesday, May 10th. BMO Capital Markets lowered their price objective on Power Co. of Canada from C$44.00 to C$40.00 in a research report on Monday, May 9th. Finally, Barclays lowered their price objective on Power Co. of Canada from C$46.00 to C$42.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 11th.

Power Co. of Canada Price Performance

Shares of TSE POW opened at C$34.18 on Friday. The stock’s 50-day moving average is C$34.48 and its two-hundred day moving average is C$37.73. The company has a debt-to-equity ratio of 45.04, a current ratio of 99.23 and a quick ratio of 84.86. Power Co. of Canada has a 1-year low of C$32.47 and a 1-year high of C$44.53. The company has a market cap of C$22.88 billion and a price-to-earnings ratio of 8.24.

Power Co. of Canada (TSE:POWGet Rating) last issued its quarterly earnings results on Wednesday, May 11th. The financial services provider reported C$0.75 earnings per share for the quarter. The company had revenue of C$10 billion for the quarter. Analysts forecast that Power Co. of Canada will post 4.4000001 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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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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