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

Shares of Power Co. of Canada (TSE:POW) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$69.50.

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

Power Co. of Canada Stock Up 0.7%

Shares of Power Co. of Canada stock opened at C$74.05 on Wednesday. The firm has a market cap of C$47.17 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93. The business’s fifty day simple moving average is C$70.69 and its 200-day simple moving average is C$62.12. Power Co. of Canada has a 52 week low of C$41.88 and a 52 week high of C$74.91.

Power Co. of Canada (TSE:POW) last released its earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 earnings per share 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 expect that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

About Power Co. of Canada

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). Power Corp. bought out the remaining shares of Power Financial in February 2020.