Power Co. of Canada (TSE:POW) Receives C$55.38 Average PT from Brokerages

Shares of Power Co. of Canada (TSE:POW) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$55.38.

A number of analysts recently issued reports on POW shares. Cibc World Mkts downgraded Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. BMO Capital Markets increased their target price on Power Co. of Canada from C$52.00 to C$54.00 in a research note on Thursday, May 22nd. Scotiabank reduced their target price on Power Co. of Canada from C$61.00 to C$57.00 and set an “outperform” rating on the stock in a research note on Thursday, May 22nd. CIBC lowered Power Co. of Canada from an “outperform” rating to a “neutral” rating and set a C$55.00 target price on the stock. in a research note on Thursday, May 22nd. Finally, Desjardins increased their target price 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.

Power Co. of Canada Price Performance

POW stock opened at C$53.79 on Friday. Power Co. of Canada has a 1-year low of C$36.08 and a 1-year high of C$54.00. The company has a market capitalization of C$34.38 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 0.57 and a beta of 1.09. The business has a 50 day simple moving average of C$51.25 and a two-hundred day simple moving average of C$48.41.

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.