Power Co. of Canada (TSE:POW) Stock Price Target Raised at Royal Bank Of Canada

Power Co. of Canada (TSE:POW) had its price target lifted by stock analysts at Royal Bank Of Canada from C$103.00 to C$115.00 in a research report issued on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 22.08% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. National Bank Financial raised their price objective on Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. TD boosted their target price on Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Desjardins upped their target price on Power Co. of Canada from C$102.00 to C$104.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Finally, Jefferies Financial Group upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$91.20.

Power Co. of Canada Price Performance

POW stock traded up C$1.27 on Friday, hitting C$94.20. 536,782 shares of the company’s stock traded hands, compared to its average volume of 2,185,906. The stock has a market cap of C$59.13 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 0.57 and a beta of 0.57. Power Co. of Canada has a 1-year low of C$62.50 and a 1-year high of C$98.49. The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52. The stock has a fifty day moving average of C$93.00 and a 200-day moving average of C$82.78.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results on Wednesday, November 11th. The financial services provider reported C$1.53 earnings per share (EPS) for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. The firm had revenue of C$10.81 billion for the quarter. On average, analysts forecast that Power Co. of Canada will post 4.93 EPS for the current fiscal year.

Power Co. of Canada Company Profile

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.