CIBC Lowers Price Target for Power Co. of Canada Stock

Investment firm CIBC has revised its price target for Power Co. of Canada (TSE:POW), decreasing it from C$51.00 to C$48.00 in a report issued on Thursday. The firm has assigned a "neutral" rating for the company's stock, suggesting limited upside potential. This revised price target indicates an expected upside of approximately 8.67% based on the stock's previous closing price.

Analyst Reviews on Power Co. of Canada

Other analysts have also expressed their views on Power Co. of Canada’s stock in recent reports. BMO Capital Markets raised their target price for the company from C$42.00 to C$49.00 on November 12. Similarly, TD Securities updated their target from C$44.00 to C$49.00 and designated the stock as a "buy" on November 14. National Bankshares also increased their price target from C$42.00 to C$47.00, while maintaining a "sector perform" rating from an analysis on October 30. According to MarketBeat data, there are currently four analysts who rate the stock as a hold, and four who have given it a buy rating, reflecting a general consensus rating of "Moderate Buy" with an average target price of C$46.94.

Power Co. of Canada Stock Performance Overview

On Thursday, shares of Power Co. of Canada traded up by C$0.25, reaching a price of C$44.17. The trading volume for the stock was recorded at 194,770 shares, significantly lower than its average trading volume of 2,411,773 shares. Over the past year, the stock has seen a low of C$35.83 and a high of C$47.89, and currently holds a market capitalization of C$26.17 billion. Key metrics for the company include a price-to-earnings (P/E) ratio of 10.06, a price/earnings to growth (PEG) ratio of 0.57, and a beta value of 1.09, indicating moderate volatility. The stock's 50-day moving average stands at C$45.01, while the 200-day moving average is at C$42.90. Additionally, the company has a debt-to-equity ratio of 48.53 and notable liquidity ratios with a current ratio of 91.78 and a quick ratio of 107.64.

Quarterly Earnings Report

Power Co. of Canada recently reported its quarterly earnings on November 12. The company delivered earnings of C$0.82 per share, which was below analysts' consensus estimate of C$1.14, reflecting a shortfall of C$0.32. The revenue for the quarter was C$5.29 billion, while the company achieved a return on equity of 11.29% and maintained a net margin of 8.29%. Analysts predict that the company will have an earnings per share (EPS) of approximately 4.93 for the current year.

Company Overview

Power Corporation of Canada operates as an international management and holding company, providing a range of financial services across North America, Europe, and Asia. The company's operations are divided into segments including Lifeco, IGM Financial, and GBL. They offer a variety of insurance and financial products such as life and health insurance, retirement savings plans, and investment products tailored for individuals and small business owners.

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