Power Co. of Canada (TSE:POW) Stock Rating Upgraded by CIBC

CIBC upgraded shares of Power Co. of Canada (TSE:POW) from a neutral rating to an outperform rating in a report issued on Friday,BayStreet.CA reports. CIBC currently has C$55.00 target price on the financial services provider’s stock, up from their previous target price of C$48.00.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets increased their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. TD Securities increased their price objective on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, National Bankshares upped their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Power Co. of Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$47.81.

Power Co. of Canada Price Performance

POW opened at C$47.85 on Friday. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$47.89. The company has a 50 day moving average of C$44.73 and a two-hundred day moving average of C$43.10. The company has a market cap of C$28.35 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The business had revenue of C$5.29 billion for the quarter. On average, analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.