Power Co. of Canada (TSE:POW) Receives C$55.38 Consensus Target Price from Analysts

Power Co. of Canada (TSE:POW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight ratings firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$55.38.

Several research analysts have recently issued reports on POW shares. Desjardins upped 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 report on Tuesday, March 4th. TD Securities increased their target price on Power Co. of Canada from C$54.00 to C$56.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Scotiabank reduced their price target on Power Co. of Canada from C$61.00 to C$57.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Cfra Research upgraded shares of Power Co. of Canada to a "hold" rating in a report on Thursday, March 20th. Finally, Cibc World Mkts downgraded shares of Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

Power Co. of Canada Price Performance

Shares of POW stock traded up C$0.10 on Friday, hitting C$53.89. 1,854,242 shares of the company's stock were exchanged, compared to its average volume of 2,477,535. The company has a 50 day moving average of C$51.25 and a 200 day moving average of C$48.41. Power Co. of Canada has a 12 month low of C$36.08 and a 12 month high of C$54.20. The stock has a market cap of C$34.44 billion, a P/E ratio of 15.22, a price-to-earnings-growth 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.