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.

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have received a consensus rating of "Hold" from the nine research firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$59.25.

A number of brokerages recently weighed in on POW. Royal Bank Of Canada cut shares of Power Co. of Canada from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from C$57.00 to C$58.00 in a research note on Monday. National Bankshares boosted their price objective on Power Co. of Canada from C$55.00 to C$56.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 29th. Cibc World Mkts cut Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. BMO Capital Markets lifted their target price on Power Co. of Canada from C$54.00 to C$58.00 in a research note on Thursday, August 7th. Finally, Scotiabank lifted their target price on Power Co. of Canada from C$59.00 to C$65.00 and gave the company an "outperform" rating in a research note on Monday.

Power Co. of Canada Stock Performance

Shares of POW traded down C$0.12 during midday trading on Friday, hitting C$56.94. 1,312,782 shares of the stock traded hands, compared to its average volume of 2,474,433. Power Co. of Canada has a 1-year low of C$37.81 and a 1-year high of C$59.00. The business's 50 day moving average price is C$53.90 and its two-hundred day moving average price is C$50.89. The firm has a market capitalization of C$36.39 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

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).