Power Co. of Canada (TSE:POW) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Power Co. of Canada (TSE:POW) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$43.83.

Several analysts have recently issued reports on POW shares. National Bankshares upped their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Scotiabank lifted their price objective on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Desjardins increased their price target on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, August 12th. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group decreased their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd.

Power Co. of Canada Stock Performance

The company’s fifty day moving average is C$43.04 and its two-hundred day moving average is C$40.20. Power Co. of Canada has a 52 week low of C$33.90 and a 52 week high of C$46.80. The stock has a market capitalization of C$27.52 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53.

Power Co. of Canada (TSE:POW) last posted its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 EPS for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.05. The company had revenue of C$9.91 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. On average, equities research analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

About Power Co. of Canada

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.