Power Co. of Canada (TSE:POW) Price Target Increased to C$37.00 by Analysts at CIBC

Power Co. of Canada (TSE:POW – Get Rating) had its target price hoisted by CIBC from C$35.00 to C$37.00 in a research report released on Tuesday morning, BayStreet.CA reports.

POW has been the subject of a number of other research reports. National Bankshares lowered their target price on Power Co. of Canada from C$39.00 to C$38.00 in a report on Thursday, November 10th. Scotiabank decreased their price target on Power Co. of Canada from C$41.00 to C$39.00 in a research report on Monday, November 7th. Barclays cut their price target on Power Co. of Canada from C$38.00 to C$35.00 in a report on Tuesday, November 8th. BMO Capital Markets dropped their price objective on Power Co. of Canada from C$37.00 to C$36.00 in a research note on Tuesday, November 8th. Finally, TD Securities lowered Power Co. of Canada from a buy rating to a hold rating and dropped their price target for the stock from C$41.00 to C$35.00 in a research note on Tuesday, November 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of C$37.00.

Power Co. of Canada Trading Up 0.2 %

TSE:POW opened at C$35.56 on Tuesday. Power Co. of Canada has a 52 week low of C$29.76 and a 52 week high of C$42.78. The company has a debt-to-equity ratio of 46.06, a quick ratio of 107.64 and a current ratio of 123.81. The company has a market capitalization of C$23.72 billion and a P/E ratio of 11.89. The stock’s 50 day moving average price is C$33.51 and its 200 day moving average price is C$33.50.

Power Co. of Canada (TSE:POW – Get Rating) last issued its earnings results on Wednesday, November 9th. The financial services provider reported C$0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.90 by C($0.10). The business had revenue of C$13.42 billion during the quarter. On average, research analysts forecast that Power Co. of Canada will post 3.8999999 EPS for the current fiscal year.

Power Co. of Canada Company Profile

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Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.