BMO Capital Markets Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price upped by BMO Capital Markets from C$49.00 to C$52.00 in a research report sent to investors on Friday,BayStreet.CA reports.

POW has been the subject of several other reports. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. TD Securities upped their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group upped their price objective on Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Desjardins upped their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$51.06.

Power Co. of Canada Price Performance

POW opened at C$48.92 on Friday. The business has a fifty day moving average price of C$45.93 and a 200 day moving average price of C$44.82. The stock has a market capitalization of C$31.27 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$50.79.

About Power Co. of Canada

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.