Power Co. of Canada (TSE:POW) Receives C$59.25 Consensus Target Price from Analysts

Key Points

• Power Co. of Canada (TSE:POW) has received an average rating of "Hold" from nine brokerage firms, with six recommending a hold and three a buy.
• The average 12-month price target for the stock is C$59.25, with target prices ranging from C$55.00 to C$62.00 based on recent reports from various analysts.
• As of Thursday, Power Co. of Canada’s stock opened at C$58.23, showing a slight increase of 0.9%, and its market capitalization stands at C$37.34 billion.

Power Co. of Canada (TSE:POW - Get Free Report) has earned a consensus rating of "Hold" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$59.25.

A number of equities analysts have issued reports on POW shares. TD Securities upped their target price on Power Co. of Canada from C$56.00 to C$62.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Royal Bank Of Canada lowered Power Co. of Canada from a "moderate buy" rating to a "hold" rating and upped their target price for the company from C$57.00 to C$58.00 in a research report on Monday, August 11th. Cibc World Mkts cut shares of Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. BMO Capital Markets raised their target price on Power Co. of Canada from C$54.00 to C$58.00 in a research note on Thursday, August 7th. Finally, Jefferies Financial Group lowered Power Co. of Canada from a "buy" rating to a "hold" rating and boosted their target price for the company from C$57.00 to C$60.00 in a research report on Monday, August 11th.

Power Co. of Canada Price Performance

Shares of POW stock traded down C$0.30 on Thursday, hitting C$57.96. 826,658 shares of the company's stock were exchanged, compared to its average volume of 2,383,767. Power Co. of Canada has a 12 month low of C$40.70 and a 12 month high of C$59.00. The stock has a market cap of C$37.17 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96. The company has a 50 day moving average of C$55.74 and a 200 day moving average of C$52.36.

About Power Co. of Canada

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).