Power Co. of Canada (TSE:POW) Receives C$55.38 Consensus Target Price from Brokerages

Power Co. of Canada (TSE:POW) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$55.38.

A number of analysts recently issued reports on the company. CIBC cut Power Co. of Canada from an “outperform” rating to a “neutral” rating and set a C$55.00 price objective for the company. in a research report on Thursday, May 22nd. Desjardins lifted their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. TD Securities lifted their target price on shares of Power Co. of Canada from C$54.00 to C$56.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Jefferies Financial Group lifted their target price on shares of Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st. Finally, National Bankshares lifted their target price on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, March 20th.

Power Co. of Canada Stock Performance

POW stock opened at C$53.98 on Friday. The firm has a 50 day simple moving average of C$51.42 and a 200 day simple moving average of C$48.49. The stock has a market cap of C$34.50 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 52 week low of C$36.08 and a 52 week high of C$54.20.

Power Co. of Canada Company Profile

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.