BMO Capital Markets Increases Power Co. of Canada (TSE:POW) Price Target to C$42.00

Power Co. of Canada (TSE:POW) had its price target lifted by equities researchers at BMO Capital Markets from C$41.00 to C$42.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 6.41% from the stock’s previous close.

A number of other research analysts have also weighed in on POW. TD Securities lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$40.00 to C$42.00 in a research report on Friday, March 22nd. CIBC dropped their price target on Power Co. of Canada from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Desjardins increased their price objective on Power Co. of Canada from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. National Bankshares boosted their target price on shares of Power Co. of Canada from C$39.00 to C$41.00 in a research report on Thursday, March 21st. Finally, Jefferies Financial Group increased their price target on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$41.80.

Power Co. of Canada Stock Performance

Shares of POW stock opened at C$39.47 on Tuesday. Power Co. of Canada has a fifty-two week low of C$32.33 and a fifty-two week high of C$40.30. The stock’s 50-day moving average is C$37.93 and its two-hundred day moving average is C$37.54. The company has a debt-to-equity ratio of 50.75, a current ratio of 23.47 and a quick ratio of 107.64. The firm has a market cap of C$23.49 billion, a P/E ratio of 11.51, a PEG ratio of 0.95 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). The business had revenue of C$21.37 billion during the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. Analysts predict that Power Co. of Canada will post 4.5329341 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.