Power Co. of Canada (TSE:POW - Get Free Report) received a C$57.00 price target from Royal Bank Of Canada in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. Royal Bank Of Canada's price objective indicates a potential upside of 7.91% from the stock's previous close.
Several other brokerages have also commented on POW. Desjardins boosted their target price on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Cfra Research upgraded Power Co. of Canada to a "hold" rating in a report on Thursday, March 20th. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a research report on Thursday, March 20th. CIBC downgraded shares of 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. Finally, BMO Capital Markets lifted their target price on shares of Power Co. of Canada from C$52.00 to C$54.00 in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$55.38.
Read Our Latest Stock Report on POW
Power Co. of Canada Stock Up 0.8%
TSE:POW traded up C$0.43 during trading hours on Wednesday, reaching C$52.82. 390,311 shares of the company's stock were exchanged, compared to its average volume of 2,440,191. Power Co. of Canada has a 1-year low of C$36.08 and a 1-year high of C$53.49. The firm has a market capitalization of C$33.76 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a 50-day moving average of C$50.88 and a 200 day moving average of C$48.25.
About Power Co. of Canada
(
Get Free Report)
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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