Power Co. of Canada (TSE:POW) Price Target Raised to C$62.00

Power Co. of Canada (TSE:POW) had its price objective raised by TD Securities from C$56.00 to C$62.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research firms have also issued reports on POW. CIBC lowered Power Co. of Canada from an “outperform” rating to a “neutral” rating and set a C$55.00 target price for the company. in a report on Thursday, May 22nd. National Bankshares increased their target price on Power Co. of Canada from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a report on Tuesday, July 29th. Cibc World Mkts lowered Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. BMO Capital Markets increased their target price on Power Co. of Canada from C$54.00 to C$58.00 in a report on Thursday, August 7th. Finally, Royal Bank Of Canada upgraded Power Co. of Canada to a “moderate buy” rating and set a C$57.00 target price for the company in a report on Wednesday, June 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$59.25.

Power Co. of Canada Stock Down 0.8%

Shares of TSE POW opened at C$56.59 on Monday. The stock has a market capitalization of C$36.17 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.57 and a beta of 1.09. The stock’s fifty day simple moving average is C$53.99 and its 200 day simple moving average is C$50.93. Power Co. of Canada has a 52-week low of C$37.81 and a 52-week high of C$59.00.

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).