Power Co. of Canada (TSE:POW) Given New C$62.00 Price Target at Scotiabank

Power Co. of Canada (TSE:POW) had its price target raised by Scotiabank from C$56.00 to C$62.00 in a report published on Friday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on POW. BMO Capital Markets boosted their target price on Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday. Jefferies Financial Group raised their target price on shares of Power Co. of Canada from C$54.00 to C$55.00 in a research note on Thursday. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Finally, Desjardins raised 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 report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Power Co. of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$54.13.

Power Co. of Canada Trading Down 0.7 %

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