Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Power Co. of Canada (TSE:POW - Get Free Report) has received an average rating of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$54.13.

Several research firms have commented on POW. Scotiabank cut their price target on Power Co. of Canada from C$62.00 to C$61.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. National Bankshares upped their price target on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a research report on Thursday, March 20th. TD Securities raised their price objective on shares of Power Co. of Canada from C$53.00 to C$54.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. BMO Capital Markets upped their target price on shares of Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. Finally, Cfra Research raised Power Co. of Canada to a "hold" rating in a report on Thursday, March 20th.

Power Co. of Canada Stock Performance

Shares of POW stock traded down C$0.23 during mid-day trading on Friday, hitting C$51.35. 1,183,152 shares of the stock were exchanged, compared to its average volume of 2,661,503. The stock's fifty day simple moving average is C$49.92 and its two-hundred day simple moving average is C$46.94. Power Co. of Canada has a 12-month low of C$36.08 and a 12-month high of C$52.31. The stock has a market capitalization of C$32.82 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada Company Profile

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.