Power Co. of Canada (POW) PT Raised to C$36.00

Power Co. of Canada (TSE:POW) had its target price upped by investment analysts at Royal Bank Of Canada from C$34.00 to C$36.00 in a report issued on Monday. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 10.84% from the company’s previous close.

POW has been the subject of several other research reports. BMO Capital Markets restated an “outperform” rating and set a C$35.00 price target on shares of Power Co. of Canada in a research report on Wednesday, November 8th. Barclays PLC increased their price target on shares of Power Co. of Canada from C$32.00 to C$33.00 in a research report on Tuesday, August 1st.

Power Co. of Canada (TSE POW) traded down C$0.54 on Monday, reaching C$32.48. 522,036 shares of the company traded hands, compared to its average volume of 785,895. Power Co. of Canada has a one year low of C$28.40 and a one year high of C$33.69.

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In other news, insider Stéphane Lemay sold 22,609 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of C$32.19, for a total value of C$727,783.71.

About Power Co. of Canada

Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc (Lifeco), IGM Financial Inc (IGM) and Pargesa Holding SA (Pargesa).

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