Power Co. of Canada (TSE:POW) Stock Has Consensus Price Target of C$88.30

Key Points

• Power Co. of Canada has a consensus “Moderate Buy” rating from 10 analysts: five recommend holding, four recommend buying, and one gives a strong buy rating. The average 12-month price target is C$88.30.
• Recent analyst updates raised several targets: Desjardins lifted its target to C$104 with a buy rating, while RBC raised its target to C$87 and maintained an outperform rating. Jefferies upgraded the stock to strong buy.
• Shares traded at C$95.69, near the one-year high of C$98.49, putting the price above the average analyst target.

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$88.30.

Several equities research analysts have commented on POW shares. Desjardins boosted their price target on shares of Power Co. of Canada from C$102.00 to C$104.00 and gave the stock a "buy" rating in a research report on Tuesday. Royal Bank Of Canada raised their price objective on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the company an "outperform" rating in a research report on Monday, July 13th. Jefferies Financial Group raised shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. National Bank Financial increased their target price on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the company a "sector perform" rating in a research note on Monday, July 27th. Finally, TD raised their target price on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a "hold" rating in a report on Friday, July 31st.

Power Co. of Canada Price Performance

TSE:POW traded up C$0.04 during midday trading on Tuesday, hitting C$95.69. 376,931 shares of the stock were exchanged, compared to its average volume of 2,204,792. Power Co. of Canada has a one year low of C$62.50 and a one year high of C$98.49. The company has a market capitalization of C$60.07 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 0.57 and a beta of 0.62. The business has a 50-day moving average price of C$92.65 and a two-hundred day moving average price of C$81.88. The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.

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