Power Co. of Canada (TSE:POW) Receives C$55.38 Average Price Target from Brokerages

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

Several research firms have weighed in on POW. Royal Bank Of Canada raised shares of Power Co. of Canada to a "moderate buy" rating and set a C$57.00 price target on the stock in a report on Wednesday, June 18th. TD Securities increased their price target 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. 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. CIBC lowered shares of Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 target price on the stock. in a research report on Thursday, May 22nd. Finally, Scotiabank decreased their target price on shares of Power Co. of Canada from C$61.00 to C$57.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd.

Power Co. of Canada Price Performance

Shares of TSE:POW traded up C$0.86 during trading on Wednesday, reaching C$54.30. The stock had a trading volume of 1,754,816 shares, compared to its average volume of 2,563,612. Power Co. of Canada has a 52 week low of C$36.08 and a 52 week high of C$54.31. The business's 50-day moving average price is C$52.20 and its 200 day moving average price is C$49.36. The stock has a market capitalization of C$34.71 billion, a PE ratio of 15.33, 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.