Power Co. of Canada (TSE:POW) Stock Rating Upgraded by Scotiabank

Power Co. of Canada (TSE:POW) was upgraded by Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a C$47.00 price target on the financial services provider’s stock. Scotiabank’s target price would suggest a potential upside of 16.74% from the stock’s current price.

POW has been the topic of several other research reports. CIBC increased their price target on shares of Power Co. of Canada from C$40.00 to C$43.00 in a report on Thursday, May 9th. Royal Bank of Canada increased their price target on shares of Power Co. of Canada from C$45.00 to C$46.00 in a report on Thursday, May 9th. BMO Capital Markets upped their price objective on Power Co. of Canada from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. Jefferies Financial Group upped their price objective on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, TD Securities upped their price objective on Power Co. of Canada from C$42.00 to C$44.00 in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$43.00.

Power Co. of Canada Stock Performance

Shares of Power Co. of Canada stock opened at C$40.26 on Thursday. The company has a market capitalization of C$23.96 billion, a PE ratio of 9.82, a P/E/G ratio of 0.95 and a beta of 1.10. The company has a debt-to-equity ratio of 48.88, a quick ratio of 107.64 and a current ratio of 90.10. The company has a 50-day simple moving average of C$38.04 and a two-hundred day simple moving average of C$38.03. Power Co. of Canada has a one year low of C$32.33 and a one year high of C$40.59.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.00 by C($0.11). Power Co. of Canada had a net margin of 7.84% and a return on equity of 10.37%. The company had revenue of C$21.37 billion for the quarter. Research analysts expect that Power Co. of Canada will post 4.5839161 EPS 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.