Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Power Co. of Canada (TSE:POW) had its price objective upped by equities researchers at Jefferies Financial Group from C$68.00 to C$73.00 in a report issued on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 12.52% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada raised Power Co. of Canada from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$69.00 to C$73.00 in a research note on Friday. National Bank Financial upped their price target on 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. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 price target for the company in a report on Friday. Scotiabank raised their price objective on Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Desjardins boosted their price objective on shares of Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus target price of C$75.38.

Power Co. of Canada Stock Performance

Power Co. of Canada stock opened at C$64.88 on Friday. The firm has a 50 day simple moving average of C$67.56 and a 200-day simple moving average of C$66.69. The stock has a market cap of C$41.14 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.57 and a beta of 0.72. The company has a debt-to-equity ratio of 84.71, a current ratio of 3.95 and a quick ratio of 107.64. Power Co. of Canada has a 1-year low of C$47.05 and a 1-year high of C$74.91.

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

More Power Co. of Canada News

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.