Power Co. of Canada (TSE:POW) Price Target Raised to C$54.00 at BMO Capital Markets

Power Co. of Canada (TSE:POW) had its price target boosted by BMO Capital Markets from C$52.00 to C$54.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

A number of other research firms have also recently commented on POW. Cfra Research raised shares of Power Co. of Canada to a “hold” rating in a research report on Thursday, March 20th. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. Jefferies Financial Group boosted their price target on Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st. 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. Finally, TD Securities boosted their price target on Power Co. of Canada from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Power Co. of Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$54.38.

Power Co. of Canada Stock Up 0.2%

TSE:POW opened at C$50.49 on Tuesday. Power Co. of Canada has a 52 week low of C$36.08 and a 52 week high of C$52.31. The firm has a 50 day moving average of C$50.12 and a 200 day moving average of C$47.27. The stock has a market capitalization of C$32.27 billion, a price-to-earnings ratio of 14.26, a PEG 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.