Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Power Co. of Canada (TSE:POW) had its price target raised by stock analysts at BMO Capital Markets from C$60.00 to C$71.00 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 1.37% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group downgraded shares of Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$57.00 to C$60.00 in a research note on Monday, August 11th. Royal Bank Of Canada lifted their target price on Power Co. of Canada from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a report on Tuesday, October 28th. National Bankshares boosted their target price on Power Co. of Canada from C$58.00 to C$64.00 and gave the stock a “sector perform” rating in a research note on Monday, October 27th. Scotiabank increased their price target on Power Co. of Canada from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, TD Securities boosted their price objective on Power Co. of Canada from C$62.00 to C$69.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Power Co. of Canada presently has a consensus rating of “Hold” and an average price target of C$64.00.

Power Co. of Canada Price Performance

Shares of TSE POW traded up C$1.30 during midday trading on Wednesday, hitting C$70.04. The company’s stock had a trading volume of 700,550 shares, compared to its average volume of 2,407,968. The firm has a market capitalization of C$44.91 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.57 and a beta of 0.86. The business’s fifty day simple moving average is C$61.40 and its two-hundred day simple moving average is C$56.40. Power Co. of Canada has a 1 year low of C$41.88 and a 1 year high of C$70.27.

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).