Power Co. of Canada (TSE:POW) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$55.38.

A number of research analysts recently commented on POW shares. BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$52.00 to C$54.00 in a research note on Thursday, May 22nd. CIBC lowered shares of Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price target on the stock. in a research report on Thursday, May 22nd. Cfra Research upgraded shares of Power Co. of Canada to a "hold" rating in a research report on Thursday, March 20th. Royal Bank Of Canada upgraded shares of Power Co. of Canada to a "moderate buy" rating and set a C$57.00 price target on the stock in a research report on Wednesday, June 18th. Finally, Cibc World Mkts lowered shares of Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Power Co. of Canada Trading Up 0.0%

TSE:POW traded up C$0.01 on Wednesday, reaching C$53.50. The stock had a trading volume of 2,431,039 shares, compared to its average volume of 2,571,585. The company has a 50-day moving average of C$52.03 and a 200 day moving average of C$49.21. The stock has a market cap of C$34.19 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 12-month low of C$36.08 and a 12-month high of C$54.20.

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.