National Bank Financial Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price increased by National Bank Financial from C$85.00 to C$102.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on POW. Royal Bank Of Canada boosted their price objective on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Desjardins raised their target price on Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. TD Securities downgraded Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. TD downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their target price for the company from C$74.00 to C$84.00 in a research report on Thursday, May 14th. Finally, Jefferies Financial Group boosted their price target on Power Co. of Canada from C$73.00 to C$90.00 in a report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$84.90.

Power Co. of Canada Stock Performance

POW opened at C$92.74 on Monday. The company’s 50 day moving average is C$87.20 and its 200 day moving average is C$75.98. The company has a current ratio of 0.87, a quick ratio of 107.64 and a debt-to-equity ratio of 86.98. The company has a market cap of C$58.44 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 0.57 and a beta of 0.73. Power Co. of Canada has a 12-month low of C$54.77 and a 12-month high of C$93.92.

Power Co. of Canada (TSE:POW) last announced its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. Power Co. of Canada had a net margin of 7.93% and a return on equity of 11.34%. The business had revenue of C$10.96 billion during the quarter. On average, equities research analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current year.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.