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

Shares of Power Co. of Canada (TSE:POW) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$69.50.

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$60.00 to C$71.00 in a research report on Wednesday, November 12th. Desjardins lifted their target price on shares of Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. TD Securities lowered shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Scotiabank raised their price objective on shares of Power Co. of Canada from C$69.00 to C$76.00 in a research report on Thursday, November 13th. Finally, CIBC set a C$75.00 price objective on Power Co. of Canada and gave the stock a “neutral” rating in a report on Wednesday, November 19th.

Power Co. of Canada Stock Down 0.0%

TSE:POW opened at C$72.41 on Wednesday. Power Co. of Canada has a 12-month low of C$41.88 and a 12-month high of C$74.91. The firm has a market capitalization of C$46.13 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 0.57 and a beta of 0.93. The stock’s 50 day moving average price is C$71.15 and its two-hundred day moving average price is C$62.52.

Power Co. of Canada (TSE:POW) last issued its earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 EPS for the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%.The company had revenue of C$9.89 billion during the quarter. Equities research analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current 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.