TD Securities Raises 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 target price upped by analysts at TD Securities from C$56.00 to C$62.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the financial services provider's stock. TD Securities' target price indicates a potential upside of 7.98% from the company's current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price objective on Power Co. of Canada from C$54.00 to C$58.00 in a research report on Thursday, August 7th. Jefferies Financial Group boosted their price target on shares of Power Co. of Canada from C$55.00 to C$56.00 in a report on Monday, April 21st. CIBC downgraded shares of Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price objective for the company. in a report on Thursday, May 22nd. Royal Bank Of Canada raised shares of 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, Scotiabank increased their price target on shares of Power Co. of Canada from C$57.00 to C$59.00 in a research report on Wednesday, July 23rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Power Co. of Canada currently has an average rating of "Hold" and a consensus target price of C$59.25.

Power Co. of Canada Trading Up 0.2%

POW stock traded up C$0.14 during trading on Monday, reaching C$57.42. 1,040,122 shares of the stock were exchanged, compared to its average volume of 2,460,140. The stock has a 50 day simple moving average of C$54.21 and a 200-day simple moving average of C$51.12. The company has a market capitalization of C$36.70 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a twelve month low of C$38.63 and a twelve month high of C$59.00.

About Power Co. of Canada

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).