Power Co. of Canada (TSE:POW) Price Target Raised to C$71.00

Power Co. of Canada (TSE:POW) had its target price upped by BMO Capital Markets from C$60.00 to C$71.00 in a research report released on Wednesday,BayStreet.CA reports.

POW has been the subject of a number of other reports. Jefferies Financial Group downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their price target for the company from C$57.00 to C$60.00 in a report on Monday, August 11th. Royal Bank Of Canada raised their price target on shares of Power Co. of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 28th. TD Securities increased their price objective on shares of Power Co. of Canada from C$62.00 to C$69.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Scotiabank raised their target price on shares of Power Co. of Canada from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, National Bankshares increased their price target on Power Co. of Canada from C$58.00 to C$64.00 and gave the stock a “sector perform” rating in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$66.00.

Power Co. of Canada Stock Performance

POW opened at C$69.68 on Wednesday. Power Co. of Canada has a 1-year low of C$41.88 and a 1-year high of C$71.97. The company has a 50-day moving average of C$62.12 and a 200-day moving average of C$56.72. The company has a market capitalization of C$44.68 billion, a P/E ratio of 16.75, a PEG ratio of 0.57 and a beta of 0.86.

About Power Co. of Canada

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).