Power Co. of Canada (TSE:POW) Price Target Raised to C$68.00 at Jefferies Financial Group

Power Co. of Canada (TSE:POW) had its target price upped by Jefferies Financial Group from C$60.00 to C$68.00 in a report released on Friday,BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential downside of 2.07% from the company’s previous close.

A number of other research analysts have also weighed in on the company. TD Securities raised their price objective on Power Co. of Canada from C$62.00 to C$69.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. BMO Capital Markets lifted their target price on Power Co. of Canada from C$60.00 to C$71.00 in a research note on Wednesday. Scotiabank increased their price target on shares of Power Co. of Canada from C$69.00 to C$76.00 in a report on Thursday. Royal Bank Of Canada upped their target price on Power Co. of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Finally, Desjardins raised their target price on Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$66.00.

Power Co. of Canada Stock Performance

Shares of TSE:POW traded down C$1.06 during trading on Friday, reaching C$69.44. 1,612,019 shares of the stock traded hands, compared to its average volume of 2,404,705. The stock has a market cap of C$44.53 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 0.57 and a beta of 0.86. The stock has a 50-day moving average of C$61.88 and a two-hundred day moving average of C$56.59. Power Co. of Canada has a 52-week low of C$41.88 and a 52-week high of C$71.97.

About Power Co. of Canada

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).