Power Co. of Canada (TSE:POW) Price Target Raised to C$53.00 at TD Securities

Power Co. of Canada (TSE:POW) had its price target lifted by TD Securities from C$49.00 to C$53.00 in a report issued on Thursday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

POW has been the topic of several other research reports. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Cibc World Mkts upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$48.31.

Power Co. of Canada Price Performance

TSE:POW opened at C$47.47 on Thursday. Power Co. of Canada has a one year low of C$35.83 and a one year high of C$48.01. The company’s 50-day simple moving average is C$44.74 and its 200 day simple moving average is C$43.33. The firm has a market capitalization of C$30.34 billion, a P/E ratio of 13.40, a PEG ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing the consensus estimate of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%. The business had revenue of C$5.29 billion for the quarter. On average, equities research analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.