Power Co. of Canada (TSE:POW) Price Target Raised to C$60.00

Key Points

• Power Co. of Canada has had its target price raised by Desjardins from C$55.00 to C$60.00, indicating a potential upside of 5.99% from its previous close.
• Other research firms also adjusted their ratings and target prices for Power Co., with TD Securities increasing theirs to C$62.00 while CIBC downgraded the stock to "neutral" with a C$55.00 target.
• The stock's current average rating is "Hold," with an average target price of C$59.25, reflecting mixed analyst sentiment.

Power Co. of Canada (TSE:POW - Get Free Report) had its target price boosted by equities research analysts at Desjardins from C$55.00 to C$60.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the financial services provider's stock. Desjardins' target price suggests a potential upside of 5.99% from the stock's previous close. Desjardins also issued estimates for Power Co. of Canada's Q3 2025 earnings at $1.30 EPS, Q4 2025 earnings at $1.33 EPS, FY2025 earnings at $5.22 EPS and FY2026 earnings at $5.65 EPS.

A number of other research analysts have also recently weighed in on the stock. CIBC cut shares of Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price objective for the company. in a research note on Thursday, May 22nd. TD Securities raised their price objective 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. Jefferies Financial Group lifted their target price on shares of Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st. Scotiabank lifted their target price on shares of Power Co. of Canada from C$57.00 to C$59.00 in a research note on Wednesday, July 23rd. Finally, National Bankshares lifted their target price 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. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Power Co. of Canada currently has an average rating of "Hold" and an average target price of C$59.25.

Power Co. of Canada Stock Performance

TSE:POW traded down C$0.99 during mid-day trading on Monday, reaching C$56.61. The stock had a trading volume of 766,130 shares, compared to its average volume of 2,474,413. The business has a 50 day simple moving average of C$53.70 and a 200 day simple moving average of C$50.76. Power Co. of Canada has a twelve month low of C$36.88 and a twelve month high of C$59.00. The firm has a market capitalization of C$36.18 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.57 and a beta of 1.09.

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).

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