Power Financial (TSE:PWF) Price Target Lowered to C$35.00 at Royal Bank of Canada

Power Financial (TSE:PWF) had its price target lowered by Royal Bank of Canada from C$36.00 to C$35.00 in a research report released on Monday morning, BayStreet.CA reports.

PWF has been the topic of a number of other reports. BMO Capital Markets reissued a buy rating and issued a $50.00 price objective on shares of Fortis in a research report on Tuesday, April 16th. TD Securities dropped their target price on shares of Power Financial from C$35.00 to C$34.00 in a research report on Thursday, May 16th.

Shares of TSE:PWF opened at C$28.86 on Monday. Power Financial has a 52 week low of C$25.05 and a 52 week high of C$33.27. The firm has a 50 day moving average price of C$29.98. The company has a debt-to-equity ratio of 45.90, a quick ratio of 1.03 and a current ratio of 2.62. The stock has a market cap of $19.63 billion and a P/E ratio of 9.40.

Power Financial (TSE:PWF) last announced its quarterly earnings data on Monday, May 13th. The financial services provider reported C$0.75 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.79 by C($0.04). The business had revenue of C$17.65 billion for the quarter. As a group, research analysts expect that Power Financial will post 3.7 earnings per share for the current fiscal year.

About Power Financial

Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, and health insurance products, as well as wealth savings and income products, and specialty products. The company also provides financial products, including employer-sponsored defined contribution plans, individual retirement accounts, enrollment services, communication materials, investment options and education services, fund management services, and investment and advisory services.

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