Analysts Set Power Co. of Canada (TSE:POW) PT at C$56.25

Power Co. of Canada (TSE:POW) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$59.25.

A number of equities research analysts have weighed in on the stock. CIBC downgraded shares of Power Co. of Canada from an “outperform” rating to a “neutral” rating and set a C$55.00 price target for the company. in a report on Thursday, May 22nd. Desjardins upped their price target on shares of Power Co. of Canada from C$55.00 to C$60.00 and gave the company a “buy” rating in a report on Monday, August 11th. Jefferies Financial Group downgraded shares of Power Co. of Canada from a “buy” rating to a “hold” rating and upped their price target for the company from C$57.00 to C$60.00 in a report on Monday, August 11th. TD Securities lifted their price target on Power Co. of Canada from C$56.00 to C$62.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada downgraded Power Co. of Canada from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$57.00 to C$58.00 in a report on Monday, August 11th.

Power Co. of Canada Trading Up 0.2%

Shares of Power Co. of Canada stock opened at C$57.42 on Friday. Power Co. of Canada has a 52 week low of C$38.63 and a 52 week high of C$59.00. The stock has a market cap of C$36.70 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company’s 50-day moving average price is C$54.21 and its two-hundred day moving average price is C$51.17.

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).