Power Co. of Canada (TSE:POW) Price Target Raised to C$59.00 at Scotiabank

Power Co. of Canada (TSE:POW - Get Free Report) had its target price hoisted by analysts at Scotiabank from C$57.00 to C$59.00 in a research note issued on Wednesday,BayStreet.CA reports. Scotiabank's price objective suggests a potential upside of 6.23% from the company's previous close.

Other equities analysts have also issued research reports about the company. BMO Capital Markets upped their price target on Power Co. of Canada from C$52.00 to C$54.00 in a research note on Thursday, May 22nd. Cibc World Mkts lowered Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. CIBC lowered Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price target on the stock. in a research note on Thursday, May 22nd. Royal Bank Of Canada raised Power Co. of Canada to a "moderate buy" rating and set a C$57.00 target price on the stock in a research note on Wednesday, June 18th. Finally, TD Securities increased their target price on Power Co. of Canada from C$54.00 to C$56.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Power Co. of Canada currently has an average rating of "Moderate Buy" and a consensus price target of C$55.63.

Power Co. of Canada Stock Performance

Shares of Power Co. of Canada stock traded up C$0.22 during trading hours on Wednesday, hitting C$55.54. The company's stock had a trading volume of 1,229,830 shares, compared to its average volume of 2,537,588. Power Co. of Canada has a twelve month low of C$36.08 and a twelve month high of C$55.72. The firm has a fifty day moving average of C$52.69 and a 200-day moving average of C$49.73. The stock has a market cap of C$35.50 billion, a price-to-earnings ratio of 15.68, 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.