Power Co. of Canada (TSE:POW) Price Target Raised to C$52.00

Power Co. of Canada (TSE:POW) had its price objective boosted by BMO Capital Markets from C$49.00 to C$52.00 in a research note published on Friday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on POW. TD Securities upped 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 note on Thursday, February 13th. Desjardins upped their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group increased their price objective on Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$51.06.

Power Co. of Canada Price Performance

Shares of Power Co. of Canada stock opened at C$48.92 on Friday. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$50.79. The company has a market cap of C$31.27 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.57 and a beta of 1.09. The firm has a fifty day simple moving average of C$46.03.

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.