Power Co. of Canada (TSE:POW) Given Consensus Rating of “Hold” by Analysts

Power Co. of Canada (TSE:POW) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$69.50.

POW has been the subject of several analyst reports. TD Securities lowered shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$60.00 to C$71.00 in a research note on Wednesday, November 12th. Desjardins boosted their target price on Power Co. of Canada from C$60.00 to C$65.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada increased their price target on Power Co. of Canada from C$60.00 to C$68.00 in a report on Wednesday, November 19th. Finally, Jefferies Financial Group raised their price target on Power Co. of Canada from C$60.00 to C$68.00 in a research note on Friday, November 14th.

Power Co. of Canada Stock Performance

TSE POW opened at C$73.12 on Friday. The business’s 50 day moving average price is C$66.96 and its 200-day moving average price is C$59.50. Power Co. of Canada has a fifty-two week low of C$41.88 and a fifty-two week high of C$73.31. The company has a market cap of C$46.58 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.57 and a beta of 0.95.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 earnings per share (EPS) for the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%.The company had revenue of C$9.89 billion during the quarter. As a group, equities analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current year.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).