Power Co. of Canada (TSE:POW) Given New C$54.00 Price Target at Jefferies Financial Group

Power Co. of Canada (TSE:POW) had its price objective lifted by research analysts at Jefferies Financial Group from C$52.00 to C$54.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 9.98% from the company’s current price.

POW has been the topic of a number of other reports. TD Securities increased their target price 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 Thursday, February 13th. BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$48.00 to C$55.00 in a research report on Friday, February 7th. National Bankshares increased their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Power Co. of Canada currently has an average rating of “Moderate Buy” and an average target price of C$49.56.

Power Co. of Canada Trading Up 1.0 %

Shares of TSE:POW opened at C$49.10 on Thursday. Power Co. of Canada has a 52 week low of C$35.83 and a 52 week high of C$49.18. The company’s 50 day moving average is C$45.09 and its two-hundred day moving average is C$44.00. The company has a market cap of C$31.38 billion, a PE ratio of 13.86, a P/E/G ratio of 0.57 and a beta of 1.09.

About Power Co. of Canada

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.