Power Co. of Canada (TSE:POW) Price Target Raised to C$55.00

Power Co. of Canada (TSE:POW) had its target price upped by National Bankshares from C$50.00 to C$55.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group increased their target price 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. CIBC upgraded 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 report on Friday, February 7th. Desjardins increased their target price on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Finally, BMO Capital Markets raised their price objective on Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. Three 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 stock. According to data from MarketBeat, the stock 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 stock opened at C$49.94 on Thursday. The company has a market cap of C$31.92 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The stock has a 50 day simple moving average of C$46.65 and a 200-day simple moving average of C$45.26. Power Co. of Canada has a 12-month low of C$35.83 and a 12-month 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.