Power Co. of Canada (TSE:POW) Given Average Rating of "Hold" by Brokerages

Key Points

• Power Co. of Canada has received a consensus rating of "Moderate Buy" from eight analysts, with equal splits between hold and buy ratings.
• The average 12-month price target set by brokerages for the stock is C$56.25, reflecting various recent increases in ratings and target prices by several firms.
• The stock opened at C$57.60, showing a strong performance with a market cap of C$36.82 billion and a 52-week trading range between C$36.08 and C$59.00.

Power Co. of Canada (TSE:POW - Get Free Report) has earned an average rating of "Hold" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$59.25.

Several research firms have recently issued reports on POW. Scotiabank lifted their price objective on shares of Power Co. of Canada from C$59.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Monday. Royal Bank Of Canada cut shares of Power Co. of Canada from a "moderate buy" rating to a "hold" rating and lifted their price objective for the stock from C$57.00 to C$58.00 in a research report on Monday. Desjardins lifted their price objective on shares of Power Co. of Canada from C$55.00 to C$60.00 and gave the stock a "buy" rating in a research report on Monday. 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. 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 Price Performance

Shares of Power Co. of Canada stock traded up C$0.81 during trading on Friday, hitting C$57.40. 194,003 shares of the stock were exchanged, compared to its average volume of 2,462,892. The stock has a market cap of C$36.69 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The firm's 50-day moving average price is C$53.99 and its 200 day moving average price is C$50.93. Power Co. of Canada has a 12-month low of C$38.33 and a 12-month high of C$59.00.

About Power Co. of Canada

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).