Power Co. of Canada (TSE:POW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Power Co. of Canada (TSE:POW) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$48.31.

Several research firms have recently commented on POW. BMO Capital Markets increased their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. TD Securities increased their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. National Bankshares upped their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Power Co. of Canada Stock Up 0.1 %

Shares of TSE POW opened at C$48.07 on Friday. The company has a market cap of C$30.72 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 12-month low of C$35.83 and a 12-month high of C$48.55. The firm’s 50-day simple moving average is C$44.85 and its 200 day simple moving average is C$43.68.

About Power Co. of Canada

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.