Power Co. of Canada (TSE:POW) Receives Average Rating of "Hold" from Analysts

Key Points

• Power Co. of Canada (TSE:POW) has received a consensus recommendation of "Hold" from nine ratings firms, with six analysts recommending hold and three recommending buy.
• The average 12-month target price for Power Co. of Canada stock is C$59.25, with several brokerages adjusting their price targets between C$56.00 and C$65.00.
• The company's stock has demonstrated a market cap of C$37.51 billion and is currently trading around C$58.49, with a 12-month high of C$59.37.

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have earned a consensus recommendation of "Hold" from the nine ratings firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$59.25.

A number of brokerages recently weighed in on POW. Scotiabank boosted their price target on shares of Power Co. of Canada from C$59.00 to C$65.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Jefferies Financial Group cut shares of Power Co. of Canada from a "buy" rating to a "hold" rating and boosted their price target for the company from C$57.00 to C$60.00 in a research report on Monday, August 11th. Royal Bank Of Canada cut shares of Power Co. of Canada from a "moderate buy" rating to a "hold" rating and boosted their price target for the company from C$57.00 to C$58.00 in a research report on Monday, August 11th. TD Securities boosted their price target on shares of Power Co. of Canada from C$56.00 to C$62.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, National Bankshares boosted their price target on shares of Power Co. of Canada from C$55.00 to C$56.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 29th.

Power Co. of Canada Trading Up 0.7%

Power Co. of Canada stock opened at C$58.49 on Monday. The stock has a market cap of C$37.51 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96. The company has a fifty day simple moving average of C$57.29 and a 200-day simple moving average of C$53.40. Power Co. of Canada has a 12-month low of C$41.88 and a 12-month high of C$59.37.

Power Co. of Canada Company Profile

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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