Power Co. of Canada (TSE:POW) PT Lowered to C$40.00 at CIBC

Power Co. of Canada (TSE:POW) had its price target decreased by investment analysts at CIBC from C$43.00 to C$40.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the financial services provider’s stock. CIBC’s price objective indicates a potential upside of 9.89% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. National Bankshares lifted their price target on shares of Power Co. of Canada from C$39.00 to C$41.00 in a report on Thursday, March 21st. TD Securities downgraded shares of Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their price target for the company from C$40.00 to C$42.00 in a report on Friday, March 22nd. Desjardins boosted their target price on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada raised shares of Power Co. of Canada from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$41.00 to C$45.00 in a report on Thursday, January 4th. Finally, Scotiabank boosted their target price on shares of Power Co. of Canada from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Power Co. of Canada presently has a consensus rating of “Hold” and a consensus target price of C$41.44.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$36.40 on Friday. The company has a debt-to-equity ratio of 50.75, a current ratio of 23.47 and a quick ratio of 107.64. Power Co. of Canada has a 1-year low of C$32.33 and a 1-year high of C$40.30. The company has a market capitalization of C$21.66 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.95 and a beta of 1.11. The firm’s 50 day simple moving average is C$38.13 and its two-hundred day simple moving average is C$37.34.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share for the quarter, missing the consensus estimate of C$1.00 by C($0.11). Power Co. of Canada had a net margin of 6.89% and a return on equity of 8.94%. The firm had revenue of C$21.37 billion for the quarter. Research analysts expect that Power Co. of Canada will post 4.5349398 EPS for the current fiscal year.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.