Power Co. of Canada (TSE:POW) Receives Average Recommendation of “Hold” from Brokerages

Power Co. of Canada (TSE:POW) has received an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$69.63.

POW has been the subject of a number of analyst reports. National Bankshares increased their target price on Power Co. of Canada from C$58.00 to C$64.00 and gave the stock a “sector perform” rating in a research note on Monday, October 27th. CIBC set a C$75.00 price objective on Power Co. of Canada and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. BMO Capital Markets raised their target price on Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. Scotiabank boosted their target price on shares of Power Co. of Canada from C$69.00 to C$76.00 in a research report on Thursday, November 13th. Finally, Jefferies Financial Group upped 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.

Power Co. of Canada Price Performance

POW stock opened at C$68.67 on Friday. The company has a market cap of C$43.75 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.57 and a beta of 0.93. The company has a fifty day moving average price of C$71.93 and a 200 day moving average price of C$64.33. Power Co. of Canada has a 12 month low of C$42.50 and a 12 month high of C$74.91.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$1.35 EPS for the quarter. The firm had revenue of C$9.89 billion during the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%. As a group, analysts anticipate 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.