Brokerages Set Power Co. of Canada (TSE:POW) Price Target at C$55.38

Power Co. of Canada (TSE:POW) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$55.38.

POW has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on Power Co. of Canada from C$55.00 to C$56.00 in a report on Monday, April 21st. Cibc World Mkts cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Cfra Research raised shares of Power Co. of Canada to a “hold” rating in a research report on Thursday, March 20th. Desjardins boosted their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, Scotiabank lowered their price target on shares of Power Co. of Canada from C$61.00 to C$57.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd.

Power Co. of Canada Stock Performance

TSE POW opened at C$54.04 on Friday. Power Co. of Canada has a twelve month low of C$36.08 and a twelve month high of C$54.20. The stock has a market cap of C$34.54 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.57 and a beta of 1.09. The firm’s 50 day moving average price is C$51.58 and its two-hundred day moving average price is C$48.58.

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.