Yesterday, an analyst has provided a rating update for Power Corp of Canada (POW). Analyst Graham Ryding from TD Securities rated Power Corp of Canada (POW) a Buy, setting a C$31 price target.
According to TipRanks.com, Ryding is a 4-star analyst with an average return of 9.6% and a 66.7% success rate. Ryding covers the Financial sector, focusing on stocks such as Canaccord Genuity, IGM Financial, and Sprott Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Power Corp of Canada with a C$30.86 average price target, representing a 14.4% upside. In a report issued on November 6, BMO Capital also maintained a Buy rating on the stock with a C$31 price target.
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Based on Power Corp of Canada’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$14.35 billion and net profit of C$199 million. In comparison, last year the company earned revenue of C$12.37 billion and had a net profit of C$483 million.
Power Corp. of Canada is a management and holding company, which engages in the financial, sustainable and renewable energy, asset management, communications, and other business sectors. It operates through the following segments: Lifeco, IGM Financial, and Pargesa.
The company’s shares closed on Tuesday at C$26.98, close to its 52-week low of C$26.56.
