Power Co. of Canada (TSE:POW) Given Average Rating of “Hold” by Analysts

Power Co. of Canada (TSE:POW) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$59.25.

POW has been the subject of a number of analyst reports. Jefferies Financial Group cut 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 report on Monday, August 11th. Desjardins lifted their price objective on Power Co. of Canada from C$55.00 to C$60.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. BMO Capital Markets boosted their target price on shares of Power Co. of Canada from C$54.00 to C$58.00 in a research note on Thursday, August 7th. TD Securities upped their target price on shares of Power Co. of Canada from C$56.00 to C$62.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Scotiabank lifted 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 report on Monday, August 11th.

Power Co. of Canada Price Performance

Shares of Power Co. of Canada stock opened at C$60.14 on Monday. Power Co. of Canada has a 1 year low of C$41.88 and a 1 year high of C$60.43. The business has a 50 day moving average price of C$57.79 and a 200 day moving average price of C$53.71. The company has a market capitalization of C$38.57 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.57 and a beta of 0.96.

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).