Desjardins Boosts Power Co. of Canada (TSE:POW) Price Target to C$79.00

Power Co. of Canada (TSE:POW) had its price objective increased by equities research analysts at Desjardins from C$78.00 to C$79.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Desjardins’ target price points to a potential upside of 16.61% from the company’s previous close.

POW has been the subject of several other reports. TD Securities lowered Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. National Bank Financial upped their target price on Power Co. of Canada from C$69.00 to C$77.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 4th. Jefferies Financial Group lifted their price target on Power Co. of Canada from C$60.00 to C$68.00 in a report on Friday, November 14th. BMO Capital Markets increased their price objective on Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. Finally, Canadian Imperial Bank of Commerce set a C$75.00 price objective on shares of Power Co. of Canada and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$73.25.

Power Co. of Canada Stock Up 0.6%

Power Co. of Canada stock opened at C$67.75 on Tuesday. Power Co. of Canada has a twelve month low of C$47.05 and a twelve month high of C$74.91. The company has a debt-to-equity ratio of 84.71, a quick ratio of 107.64 and a current ratio of 3.95. The firm has a market cap of C$43.16 billion, a PE ratio of 14.29, a P/E/G ratio of 0.57 and a beta of 0.75. The firm’s 50 day moving average price is C$69.33 and its two-hundred day moving average price is C$66.03.

Power Co. of Canada Company Profile

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). Power Corp. bought out the remaining shares of Power Financial in February 2020.