CIBC Boosts Power Co. of Canada (TSE:POW) Price Target to C$37.00

Power Co. of Canada (TSE:POWGet Rating) had its target price boosted by CIBC from C$35.00 to C$37.00 in a report published on Tuesday morning, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada lowered their target price on Power Co. of Canada from C$44.00 to C$39.00 and set a sector perform rating for the company in a report on Thursday, November 10th. TD Securities lowered Power Co. of Canada from a buy rating to a hold rating and cut their target price for the company from C$41.00 to C$35.00 in a research report on Tuesday, November 8th. BMO Capital Markets cut their target price on Power Co. of Canada from C$37.00 to C$36.00 in a research report on Tuesday, November 8th. Scotiabank cut their target price on Power Co. of Canada from C$41.00 to C$39.00 in a research report on Monday, November 7th. Finally, National Bankshares cut their price target on Power Co. of Canada from C$39.00 to C$38.00 in a report on Thursday, November 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of C$37.00.

Power Co. of Canada Stock Performance

Shares of TSE POW opened at C$35.56 on Tuesday. The company has a current ratio of 123.81, a quick ratio of 107.64 and a debt-to-equity ratio of 46.06. Power Co. of Canada has a 12 month low of C$29.76 and a 12 month high of C$42.78. The stock has a 50 day moving average of C$33.51 and a 200-day moving average of C$33.50. The company has a market capitalization of C$23.72 billion and a P/E ratio of 11.89.

Power Co. of Canada (TSE:POWGet Rating) last released its quarterly earnings results on Wednesday, November 9th. The financial services provider reported C$0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.90 by C($0.10). The company had revenue of C$13.42 billion during the quarter. As a group, equities research analysts predict that Power Co. of Canada will post 3.8999999 EPS for the current year.

About Power Co. of Canada

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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.

Further Reading

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

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