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

Power Co. of Canada (TSE:POW) had its target price hoisted by equities researchers at National Bankshares from C$50.00 to C$55.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. National Bankshares’ price target indicates a potential upside of 10.38% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Desjardins upped their price target on shares of 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. TD Securities boosted their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$48.00 to C$55.00 in a report on Friday, February 7th. Finally, BMO Capital Markets increased their price objective on shares of 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$52.31.

Power Co. of Canada Price Performance

Shares of Power Co. of Canada stock traded up C$0.56 during trading hours on Thursday, reaching C$49.83. The company’s stock had a trading volume of 521,343 shares, compared to its average volume of 2,216,890. The firm has a 50 day moving average price of C$46.37 and a 200-day moving average price of C$45.09. Power Co. of Canada has a one year low of C$35.83 and a one year high of C$50.79. The stock has a market cap of C$31.85 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.57 and a beta of 1.09.

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.