Royal Bank Of Canada Upgrades Power Co. of Canada (TSE:POW) to “Moderate Buy”

Power Co. of Canada (TSE:POW) was upgraded by equities researchers at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued on Friday, Marketbeat Ratings reports. The firm presently has a C$73.00 target price on the financial services provider’s stock, up from their prior target price of C$69.00. Royal Bank Of Canada’s target price would suggest a potential upside of 12.52% from the company’s previous close.

POW has been the topic of a number of other research reports. TD Securities raised their target price on shares of Power Co. of Canada from C$73.00 to C$74.00 and gave the company a “hold” rating in a research report on Friday, March 13th. Desjardins upped their price target on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. National Bank Financial increased their price objective on shares of Power Co. of Canada from C$69.00 to C$77.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 4th. Finally, Scotiabank lifted their price objective on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$75.38.

Power Co. of Canada Price Performance

POW opened at C$64.88 on Friday. The company has a market capitalization of C$41.14 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.57 and a beta of 0.72. The company has a current ratio of 3.95, a quick ratio of 107.64 and a debt-to-equity ratio of 84.71. Power Co. of Canada has a 12-month low of C$47.05 and a 12-month high of C$74.91. The business’s fifty day simple moving average is C$67.56 and its 200-day simple moving average is C$66.69.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Wednesday, March 18th. The financial services provider reported C$1.36 earnings per share for the quarter. Power Co. of Canada had a return on equity of 12.83% and a net margin of 9.73%.The firm had revenue of C$8.84 billion during the quarter. On average, equities research analysts anticipate that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Key Headlines Impacting Power Co. of Canada

Here are the key news stories impacting Power Co. of Canada this week:

• Positive Sentiment: TD Securities upgraded POW from “hold” to “buy” and raised its target to C$74, signalling stronger conviction from a major dealer. TD Securities Upgrade
• Positive Sentiment: Royal Bank of Canada upgraded POW to “outperform” and lifted its target to C$73, reflecting improved fundamentals or outlook from another large bank. RBC Upgrade
• Positive Sentiment: Jefferies raised its price target on POW to C$73, adding more upward pressure from the sell-side community. Jefferies Price Target Raise
• Positive Sentiment: Canadian Imperial Bank of Commerce increased its target to C$78, the highest among recent revisions, suggesting meaningful upside in analysts’ view. CIBC Price Target Raise
• Positive Sentiment: POW reported quarterly results showing C$1.36 EPS, a 12.8% return on equity and C$8.84B revenue — solid profitability metrics that likely supported the analyst optimism. Earnings Press Release
• Positive Sentiment: The company declared a CAD 0.6675 dividend, reinforcing income appeal for investors and supporting demand for the stock. Dividend Announcement

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.