Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Power Co. of Canada (TSE:POW) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$51.06.

Several brokerages have recently weighed in on POW. TD Securities increased their target price on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$49.00 to C$52.00 in a research note on Friday. Jefferies Financial Group increased their target price on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Cibc World Mkts upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Power Co. of Canada Stock Performance

Shares of POW stock opened at C$49.53 on Thursday. Power Co. of Canada has a 1 year low of C$35.83 and a 1 year high of C$50.79. The firm has a market cap of C$31.66 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.57 and a beta of 1.09. The stock’s 50-day moving average is C$46.14 and its two-hundred day moving average is C$45.00.

Power Co. of Canada Company Profile

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.