Power Co. of Canada (TSE:POW – Get Free Report) had its price target raised by analysts at CIBC from C$40.00 to C$43.00 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 6.36% from the stock’s current price.
POW has been the subject of several other research reports. National Bankshares increased their target price on Power Co. of Canada from C$41.00 to C$42.00 in a research report on Thursday. Jefferies Financial Group increased their price objective on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets boosted their target price on shares of Power Co. of Canada from C$41.00 to C$42.00 and gave the company a “market perform” rating in a report on Tuesday. Royal Bank of Canada lifted their price target on shares of Power Co. of Canada from C$45.00 to C$46.00 in a research report on Thursday. Finally, Scotiabank upped their price objective on shares of Power Co. of Canada from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$42.30.
Power Co. of Canada Trading Up 2.4 %
Power Co. of Canada (TSE:POW – Get Free Report) last announced its earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). Power Co. of Canada had a net margin of 6.89% and a return on equity of 8.94%. The company had revenue of C$21.37 billion for the quarter. As a group, research analysts forecast that Power Co. of Canada will post 4.5329341 EPS 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.
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