Jefferies Financial Group Downgrades Power Co. of Canada (TSE:POW) to Hold

Key Points

• Jefferies Financial Group downgraded Power Co. of Canada from a "buy" to a "hold" rating while raising the target price to C$60.00, indicating a potential upside of 5.99%.
• Other analysts have mixed views, with National Bankshares raising their target to C$56.00 while CIBC downgraded their rating to "neutral" and set a target at C$55.00.
• The stock experienced a decline of 1.7% on Monday, closing at C$56.61, with a current market capitalization of C$36.18 billion.

Power Co. of Canada (TSE:POW - Get Free Report) was downgraded by Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued on Monday, Marketbeat Ratings reports. They currently have a C$60.00 price objective on the financial services provider's stock, up from their prior price objective of C$57.00. Jefferies Financial Group's target price would indicate a potential upside of 4.49% from the company's current price.

POW has been the subject of several other research reports. BMO Capital Markets boosted their price target 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 boosted their price target on shares of Power Co. of Canada from C$56.00 to C$62.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. National Bankshares boosted their price target on shares of Power Co. of Canada from C$55.00 to C$56.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada upgraded shares of Power Co. of Canada to a "moderate buy" rating and set a C$57.00 price target for the company in a research note on Wednesday, June 18th. Finally, CIBC downgraded shares of Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price target for the company. in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$59.25.

Power Co. of Canada Stock Performance

Power Co. of Canada stock opened at C$57.42 on Monday. Power Co. of Canada has a fifty-two week low of C$38.63 and a fifty-two week high of C$59.00. The firm has a 50 day moving average price of C$54.21 and a 200 day moving average price of C$51.12. The company has a market capitalization of C$36.70 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

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).