Power Co. of Canada (TSE:POW) Receives C$48.31 Consensus PT from Analysts

Power Co. of Canada (TSE:POW) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$48.31.

POW has been the topic of several analyst reports. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. TD Securities lifted 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 report on Thursday, February 13th. National Bankshares lifted their price target on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Finally, 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.

Power Co. of Canada Stock Up 0.1 %

POW stock opened at C$48.07 on Friday. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$48.55. The company has a market cap of C$30.72 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 0.57 and a beta of 1.09. The business has a 50 day moving average price of C$44.85 and a two-hundred day moving average price of C$43.68.

Power Co. of Canada Company Profile

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.