National Bank Financial Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price hoisted by stock analysts at National Bank Financial from C$77.00 to C$85.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. National Bank Financial’s price objective suggests a potential upside of 7.27% from the stock’s current price.

A number of other research analysts have also commented on POW. Canadian Imperial Bank of Commerce increased their price objective on Power Co. of Canada from C$75.00 to C$78.00 and gave the company a “hold” rating in a report on Friday, March 20th. Desjardins increased their target price on Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “buy” rating and set a C$74.00 target price for the company in a research note on Friday, March 20th. Royal Bank Of Canada upgraded Power Co. of Canada from a “hold” rating to a “moderate buy” rating and increased their target price for the company from C$69.00 to C$73.00 in a research note on Friday, March 20th. Finally, BMO Capital Markets increased their target price on Power Co. of Canada from C$69.00 to C$79.00 in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Power Co. of Canada currently has an average rating of “Moderate Buy” and an average price target of C$77.38.

Power Co. of Canada Stock Down 1.1%

Shares of TSE POW traded down C$0.85 during trading hours on Wednesday, hitting C$79.24. The stock had a trading volume of 902,874 shares, compared to its average volume of 2,459,002. The company has a market capitalization of C$50.14 billion, a P/E ratio of 20.11, a P/E/G ratio of 0.57 and a beta of 0.71. The firm’s 50-day moving average price is C$70.11 and its two-hundred day moving average price is C$69.71. Power Co. of Canada has a 52 week low of C$48.18 and a 52 week high of C$80.25. The company has a debt-to-equity ratio of 105.91, a quick ratio of 107.64 and a current ratio of 1.44.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. The business had revenue of C$10.96 billion during the quarter. Power Co. of Canada had a return on equity of 10.81% and a net margin of 6.98%. Analysts anticipate 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.