Power Co. of Canada (TSE:POW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Power Co. of Canada (TSE:POW) have earned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$72.88.

A number of equities research analysts have weighed in on POW shares. Royal Bank Of Canada lifted their price objective on Power Co. of Canada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. TD Securities lowered Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Desjardins increased their price objective on Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. BMO Capital Markets lifted their price objective on Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. Finally, Jefferies Financial Group upped their target price on shares of Power Co. of Canada from C$60.00 to C$68.00 in a report on Friday, November 14th.

Power Co. of Canada Trading Down 2.7%

POW stock opened at C$64.50 on Friday. Power Co. of Canada has a 1 year low of C$46.03 and a 1 year high of C$74.91. The company has a fifty day simple moving average of C$71.44 and a 200 day simple moving average of C$64.77. The firm has a market cap of C$41.09 billion, a PE ratio of 13.61, a PEG ratio of 0.57 and a beta of 0.75.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$1.35 earnings per share for the quarter. The business had revenue of C$9.89 billion during the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%. As a group, analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

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.