Power Co. of Canada (TSE:POW) Given New C$56.00 Price Target at National Bankshares

Key Points

• National Bankshares raised its price target for Power Co. of Canada from C$55.00 to C$56.00, indicating a potential upside of 0.85% from the current stock price.
• Cibc World Markets downgraded Power Co. of Canada from a "strong-buy" to a "hold" rating, with a new price target of C$55.00.
• As of the latest report, Power Co. of Canada has a consensus rating of "Moderate Buy" with a target price averaging C$55.75 across multiple analysts.

Power Co. of Canada (TSE:POW - Get Free Report) had its price target hoisted by equities researchers at National Bankshares from C$55.00 to C$56.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. National Bankshares' target price indicates a potential upside of 0.85% from the company's current price.

A number of other equities research analysts also recently issued reports on POW. Cibc World Mkts downgraded Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. CIBC lowered Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price objective on the stock. in a research note on Thursday, May 22nd. Jefferies Financial Group increased their target price on shares of Power Co. of Canada from C$55.00 to C$56.00 in a research report on Monday, April 21st. BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$52.00 to C$54.00 in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada upgraded shares of Power Co. of Canada to a "moderate buy" rating and set a C$57.00 price objective for the company in a research note on Wednesday, June 18th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$55.75.

Power Co. of Canada Stock Up 0.3%

Shares of TSE POW traded up C$0.18 during trading on Tuesday, hitting C$55.53. 200,558 shares of the company traded hands, compared to its average volume of 2,509,813. The firm has a market capitalization of C$35.49 billion, a P/E ratio of 15.68, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a 50-day moving average price of C$52.80 and a 200-day moving average price of C$49.91. Power Co. of Canada has a 1 year low of C$36.08 and a 1 year high of C$55.75.

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.

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