Power Co. of Canada (TSE:POW) Price Target Raised to C$62.00

Power Co. of Canada (TSE:POW) had its price objective lifted by Scotiabank from C$56.00 to C$62.00 in a research report report published on Friday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

POW has been the subject of a number of other research reports. National Bankshares lifted their target price on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets lifted their price objective on Power Co. of Canada from C$49.00 to C$52.00 in a research report on Friday, March 14th. Jefferies Financial Group upped their target price on Power Co. of Canada from C$54.00 to C$55.00 in a research report on Thursday. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report 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 company a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.13.

Power Co. of Canada Stock Down 0.7 %

Shares of POW opened at C$49.94 on Friday. The firm has a market cap of C$31.92 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The firm has a 50-day simple moving average of C$46.65. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$50.79.

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.