Power Co. of Canada (TSE:POW) Receives Consensus Rating of "Hold" from Brokerages

Power Co. of Canada (TSE:POW - Get Free Report) has earned a consensus rating of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$54.13.

Several equities research analysts have recently commented on POW shares. Desjardins boosted their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Jefferies Financial Group upped their price objective on shares of Power Co. of Canada from C$55.00 to C$56.00 in a report on Monday, April 21st. Scotiabank reduced their price objective on shares of Power Co. of Canada from C$61.00 to C$57.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. National Bankshares upped their target price on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a report on Thursday, March 20th. Finally, BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$52.00 to C$54.00 in a research report on Thursday, May 22nd.

Power Co. of Canada Stock Up 1.7%

POW traded up C$0.84 during midday trading on Tuesday, hitting C$51.67. The company had a trading volume of 1,490,094 shares, compared to its average volume of 2,466,115. The stock's 50 day moving average price is C$50.43 and its 200 day moving average price is C$47.68. Power Co. of Canada has a 52 week low of C$36.08 and a 52 week high of C$52.31. The company has a market capitalization of C$33.02 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.57 and a beta of 1.09.

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.