Power Co. of Canada (TSE:POW) Price Target Raised to C$69.00 at TD Securities

Power Co. of Canada (TSE:POW) had its target price lifted by equities researchers at TD Securities from C$62.00 to C$69.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective would indicate a potential upside of 3.79% from the stock’s current price.

Several other equities research analysts have also recently weighed in on POW. Royal Bank Of Canada increased their price objective on shares of Power Co. of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 28th. Desjardins raised their price target on shares of Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. National Bankshares lifted their price objective on shares of Power Co. of Canada from C$58.00 to C$64.00 and gave the company a “sector perform” rating in a report on Monday, October 27th. Scotiabank raised their price target on shares of 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, BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$54.00 to C$58.00 in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$62.38.

Power Co. of Canada Price Performance

Shares of POW traded up C$0.13 during trading hours on Wednesday, hitting C$66.48. 427,301 shares of the stock were exchanged, compared to its average volume of 2,417,849. Power Co. of Canada has a fifty-two week low of C$41.88 and a fifty-two week high of C$67.03. The business has a 50-day moving average of C$60.47 and a 200-day moving average of C$55.81. The firm has a market capitalization of C$42.63 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 0.57 and a beta of 0.86.

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).