Desjardins Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its target price upped by Desjardins from C$102.00 to C$104.00 in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Desjardins‘s price objective suggests a potential upside of 8.64% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. TD lifted their price objective on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Royal Bank Of Canada increased their target price on Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Jefferies Financial Group raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, National Bank Financial lifted their price target on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.30.

Power Co. of Canada Trading Up 0.1%

Shares of Power Co. of Canada stock traded up C$0.08 during trading on Tuesday, hitting C$95.73. The stock had a trading volume of 294,549 shares, compared to its average volume of 2,204,491. The stock has a 50 day simple moving average of C$92.65 and a 200 day simple moving average of C$81.88. The company has a market capitalization of C$60.09 billion, a PE ratio of 23.58, a P/E/G ratio of 0.57 and a beta of 0.62. The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52. Power Co. of Canada has a 1 year low of C$62.50 and a 1 year high of C$98.49.

Power Co. of Canada Company Profile

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.