Power Co. of Canada (TSE:POW) Given New C$69.00 Price Target at Royal Bank Of Canada

Power Co. of Canada (TSE:POW) had its price objective boosted by Royal Bank Of Canada from C$68.00 to C$69.00 in a research note released on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group lifted their target price on Power Co. of Canada from C$60.00 to C$68.00 in a research note on Friday, November 14th. National Bankshares increased their price objective on shares of Power Co. of Canada from C$58.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Monday, October 27th. Desjardins boosted 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 research note on Thursday, October 23rd. TD Securities cut shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Scotiabank raised their price target on shares of Power Co. of Canada from C$69.00 to C$76.00 in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Power Co. of Canada presently has an average rating of “Hold” and a consensus target price of C$69.63.

Power Co. of Canada Price Performance

POW stock opened at C$69.87 on Monday. The firm has a market cap of C$44.51 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.57 and a beta of 0.93. Power Co. of Canada has a 1-year low of C$42.50 and a 1-year high of C$74.91. The firm has a fifty day moving average price of C$71.92 and a two-hundred day moving average price of C$63.97.

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