Power Co. of Canada (TSE:POW) Downgraded by Royal Bank Of Canada to Sector Perform

Royal Bank Of Canada lowered shares of Power Co. of Canada (TSE:POW) from an outperform rating to a sector perform rating in a research note published on Monday morning, MarketBeat reports. The firm currently has C$58.00 price objective on the financial services provider’s stock, up from their prior price objective of C$57.00.

POW has been the subject of several other reports. BMO Capital Markets increased their price target on shares of Power Co. of Canada from C$54.00 to C$58.00 in a research note on Thursday, August 7th. National Bankshares increased their price target on shares of Power Co. of Canada from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 29th. TD Securities increased their price target on shares of Power Co. of Canada from C$56.00 to C$62.00 and gave the stock a “buy” rating in a research note on Monday. Scotiabank increased their price target on shares of Power Co. of Canada from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, CIBC lowered shares of Power Co. of Canada from an “outperform” rating to a “neutral” rating and set a C$55.00 price target for the company. in a research note on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$59.25.

Power Co. of Canada Trading Down 0.8%

Shares of TSE POW opened at C$56.59 on Monday. Power Co. of Canada has a 12 month low of C$37.81 and a 12 month high of C$59.00. The firm has a market capitalization of C$36.17 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The firm has a fifty day simple moving average of C$53.99 and a two-hundred day simple moving average of C$50.93.

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).