TD Securities Cuts Power Co. of Canada (POW) Price Target to C$32.00

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Power Co. of Canada (TSE:POW) had its price target decreased by TD Securities from C$33.00 to C$32.00 in a research report released on Thursday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on POW. BMO Capital Markets lifted their target price on shares of Power Co. of Canada from C$31.00 to C$34.00 and gave the company an outperform rating in a research report on Tuesday, April 16th. CIBC lifted their target price on shares of Power Co. of Canada from C$30.00 to C$34.00 in a research report on Friday, March 22nd. Royal Bank of Canada lifted their target price on shares of Power Co. of Canada from C$31.00 to C$34.00 and gave the company a sector perform rating in a research report on Tuesday, March 12th. Finally, Desjardins lifted their target price on shares of Power Co. of Canada from C$30.00 to C$31.00 in a research report on Tuesday, March 12th.

Shares of POW stock traded down C$0.16 during trading hours on Thursday, reaching C$27.94. The stock had a trading volume of 515,617 shares, compared to its average volume of 1,582,110. The company has a current ratio of 9.93, a quick ratio of 9.29 and a debt-to-equity ratio of 46.80. Power Co. of Canada has a 12 month low of C$23.35 and a 12 month high of C$32.60. The firm has a market capitalization of $10.59 billion and a P/E ratio of 10.14.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Wednesday, March 20th. The financial services provider reported C$0.60 EPS for the quarter. The firm had revenue of C$12.66 million during the quarter. Sell-side analysts predict that Power Co. of Canada will post 3.67999992903581 EPS for the current year.

About Power Co. of Canada

Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.

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