Power Co. of Canada (TSE:POW - Get Free Report) was downgraded by 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 research analysts have also recently weighed in on the company. Jefferies Financial Group boosted their price target on Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st. BMO Capital Markets increased their target price on Power Co. of Canada from C$52.00 to C$54.00 in a report on Thursday, May 22nd. Cfra Research raised shares of Power Co. of Canada to a "hold" rating in a report on Thursday, March 20th. Desjardins lifted their price target 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 note on Tuesday, March 4th. Finally, TD Securities boosted their price target on Power Co. of Canada from C$54.00 to C$56.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Power Co. of Canada presently has an average rating of "Hold" and an average target price of C$54.13.
Get Our Latest Stock Analysis on Power Co. of Canada
Power Co. of Canada Stock Up 1.5%
Shares of TSE POW traded up C$0.75 during midday trading on Thursday, hitting C$51.58. The stock had a trading volume of 331,711 shares, compared to its average volume of 2,454,649. The company has a market cap of C$32.97 billion, a P/E ratio of 14.56, a PEG ratio of 0.57 and a beta of 1.09. The business's 50 day moving average is C$50.40 and its 200-day moving average is C$47.65. 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
(
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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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