Jefferies Financial Group Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price increased by Jefferies Financial Group from C$54.00 to C$55.00 in a research report released on Thursday morning,BayStreet.CA reports.

POW has been the subject of a number of other research reports. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$48.00 to C$55.00 in a research report on Friday, February 7th. BMO Capital Markets upped their price target on Power Co. of Canada from C$49.00 to C$52.00 in a research note on Friday, March 14th. Desjardins upped 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 research note on Tuesday, March 4th. 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. Finally, National Bankshares increased their target price on Power Co. of Canada from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday. Three investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$54.13.

Power Co. of Canada Price Performance

POW opened at C$49.94 on Thursday. The business has a 50 day simple moving average of C$46.65 and a two-hundred day simple moving average of C$45.26. The firm has a market capitalization of C$31.92 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a one year low of C$35.83 and a one year high of C$50.79.

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.