Power Co. of Canada (TSE:POW - Get Free Report) was downgraded by equities research analysts at Cibc World Mkts from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.
Several other equities research analysts also recently weighed in 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. National Bankshares boosted their price objective on Power Co. of Canada from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a report on Thursday, March 20th. BMO Capital Markets upped their price objective on Power Co. of Canada from C$52.00 to C$54.00 in a research note on Thursday. Jefferies Financial Group increased their target price on Power Co. of Canada from C$55.00 to C$56.00 in a report on Monday, April 21st. Finally, TD Securities lifted their target price on Power Co. of Canada from C$54.00 to C$56.00 and gave the stock a "buy" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Power Co. of Canada has an average rating of "Hold" and a consensus target price of C$54.13.
Check Out Our Latest Analysis on Power Co. of Canada
Power Co. of Canada Stock Down 1.0%
Shares of POW opened at C$50.95 on Thursday. The firm has a market cap of C$32.56 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.57 and a beta of 1.09. The business's 50 day moving average is C$50.32 and its two-hundred day moving average is C$47.53. Power Co. of Canada has a 52-week low of C$36.08 and a 52-week high of C$52.31.
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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