TD Securities Increases Power Co. of Canada (TSE:POW) Price Target to C$62.00

Key Points

• TD Securities has raised the price target for Power Co. of Canada (TSE:POW) from C$56.00 to C$62.00, maintaining a "buy" rating on the stock.
• Other analysts have also recently adjusted their price targets, with BMO Capital Markets raising theirs to C$58.00 and Royal Bank of Canada to C$57.00, while CIBC downgraded the stock to a "neutral" rating with a target of C$55.00.
• Currently, the stock has a consensus rating of "Hold" with an average price target of C$59.25, indicating mixed sentiments among analysts.

Power Co. of Canada (TSE:POW - Get Free Report) had its price target lifted by investment analysts at TD Securities from C$56.00 to C$62.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD Securities' price objective points to a potential upside of 9.52% from the company's previous close.

Other equities analysts also recently issued reports about the company. BMO Capital Markets lifted their price target on Power Co. of Canada from C$54.00 to C$58.00 in a research note on Thursday. Royal Bank Of Canada upgraded Power Co. of Canada to a "moderate buy" rating and set a C$57.00 price target for the company in a research note on Wednesday, June 18th. Cibc World Mkts downgraded Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. CIBC downgraded Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price target for the company. in a research note on Thursday, May 22nd. Finally, National Bankshares lifted their price target on Power Co. of Canada from C$55.00 to C$56.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$59.25.

Power Co. of Canada Stock Performance

Shares of TSE POW traded down C$0.99 during midday trading on Monday, reaching C$56.61. 766,130 shares of the company's stock were exchanged, compared to its average volume of 2,474,413. Power Co. of Canada has a 52-week low of C$36.88 and a 52-week high of C$59.00. The stock has a market capitalization of C$36.18 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The business's fifty day moving average price is C$53.70 and its two-hundred day moving average price is C$50.76.

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).

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