BMO Capital Markets Raises Power Co. of Canada (TSE:POW) Price Target to C$58.00

Key Points

• BMO Capital Markets has raised the price target for Power Co. of Canada (TSE:POW) from C$54.00 to C$58.00, indicating a potential upside of 1.84% from the current stock price.
• Other analysts have mixed sentiments, with CIBC downgrading the stock to "neutral" while Scotiabank increased its target to C$59.00, reflecting varied outlooks on the company's performance.
• Power Co. of Canada stock has recently traded at C$56.95, showing an increase of 0.2%, and has a fifty-two week price range of C$36.08 to C$57.18.

Power Co. of Canada (TSE:POW - Get Free Report) had its price objective upped by stock analysts at BMO Capital Markets from C$54.00 to C$58.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets' target price would suggest a potential upside of 1.84% from the stock's current price.

Other analysts have also issued reports about the stock. CIBC lowered shares of Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price objective on the stock. in a report on Thursday, May 22nd. Scotiabank boosted their price target on shares of Power Co. of Canada from C$57.00 to C$59.00 in a research note on Wednesday, July 23rd. TD Securities lifted their price objective on shares of Power Co. of Canada from C$54.00 to C$56.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Jefferies Financial Group lifted their price objective on shares of Power Co. of Canada from C$55.00 to C$56.00 in a report on Monday, April 21st. Finally, Cibc World Mkts cut shares of Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Power Co. of Canada has an average rating of "Moderate Buy" and a consensus target price of C$56.25.

Power Co. of Canada Trading Up 0.2%

POW traded up C$0.13 on Thursday, hitting C$56.95. 529,871 shares of the company's stock were exchanged, compared to its average volume of 2,487,113. Power Co. of Canada has a fifty-two week low of C$36.08 and a fifty-two week high of C$57.18. The firm has a 50-day moving average price of C$53.49 and a 200-day moving average price of C$50.45. The stock has a market cap of C$36.40 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.57 and a beta of 1.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.