BMO Capital Markets Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its price target upped by BMO Capital Markets from C$60.00 to C$71.00 in a research note published on Wednesday,BayStreet.CA reports.

Several other equities analysts have also issued reports on POW. Royal Bank Of Canada boosted their target price on shares of Power Co. of Canada from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a report on Tuesday, October 28th. National Bankshares raised their target price on Power Co. of Canada from C$58.00 to C$64.00 and gave the stock a “sector perform” rating in a research note on Monday, October 27th. Scotiabank lifted their target price on Power Co. of Canada from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Desjardins increased their price target on Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, TD Securities raised their price objective on shares of Power Co. of Canada from C$62.00 to C$69.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$65.00.

Power Co. of Canada Trading Up 0.9%

TSE:POW traded up C$0.62 on Wednesday, reaching C$70.50. 1,772,960 shares of the stock traded hands, compared to its average volume of 2,406,271. Power Co. of Canada has a 1-year low of C$41.88 and a 1-year high of C$71.97. The company’s 50 day moving average is C$61.64 and its 200-day moving average is C$56.50. The firm has a market capitalization of C$45.21 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 0.57 and a beta of 0.86.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).