Power Co. of Canada (TSE:POW) Given New C$54.00 Price Target at TD Securities

Power Co. of Canada (TSE:POW) had its target price raised by investment analysts at TD Securities from C$53.00 to C$54.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Securities’ price target would indicate a potential upside of 8.13% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. BMO Capital Markets raised their price target on Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. National Bankshares raised their price target on Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday. Desjardins raised their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Jefferies Financial Group raised their price target on Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Power Co. of Canada has an average rating of “Moderate Buy” and an average price target of C$54.13.

Power Co. of Canada Trading Down 0.7 %

Shares of Power Co. of Canada stock opened at C$49.94 on Thursday. The stock’s fifty day moving average price is C$46.65 and its 200-day moving average price is C$45.23. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$50.79. The firm has a market cap of C$31.92 billion, a P/E ratio of 14.10, 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.