Power Co. of Canada (TSE:POW – Get Free Report) had its price objective raised by Jefferies Financial Group from C$43.00 to C$44.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 11.48% from the stock’s previous close.
A number of other brokerages have also weighed in on POW. TD Securities lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$40.00 to C$42.00 in a report on Friday, March 22nd. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$39.00 to C$41.00 in a research report on Thursday, March 21st. Scotiabank boosted their price objective on shares of Power Co. of Canada from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$38.00 to C$41.00 in a research report on Friday, March 15th. Finally, Desjardins increased their target price on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Power Co. of Canada presently has a consensus rating of “Hold” and a consensus target price of C$41.80.
Read Our Latest Research Report on POW
Power Co. of Canada Price Performance
Power Co. of Canada (TSE:POW – Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). The company had revenue of C$21.37 billion during the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. On average, analysts predict that Power Co. of Canada will post 4.5329341 EPS for the current fiscal 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.
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