Power Co. of Canada (TSE:POW - Get Rating) had its price objective upped by research analysts at Royal Bank of Canada from C$39.00 to C$41.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. Royal Bank of Canada's target price indicates a potential upside of 20.84% from the company's current price.
A number of other brokerages also recently commented on POW. BMO Capital Markets increased their price objective on Power Co. of Canada from C$36.00 to C$40.00 in a research report on Tuesday. Barclays boosted their target price on shares of Power Co. of Canada from C$35.00 to C$39.00 in a research note on Monday. TD Securities increased their price objective on Power Co. of Canada from C$35.00 to C$38.00 and gave the stock a "hold" rating in a research note on Wednesday, February 15th. Scotiabank lifted their target price on Power Co. of Canada from C$39.00 to C$44.00 in a research note on Wednesday, March 8th. Finally, Desjardins lowered shares of Power Co. of Canada from a "buy" rating to a "hold" rating in a research report on Wednesday, February 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$39.57.
Power Co. of Canada Price Performance
Shares of TSE:POW traded down C$1.33 during trading hours on Friday, hitting C$33.93. 1,882,989 shares of the company's stock traded hands, compared to its average volume of 2,476,127. The company's fifty day simple moving average is C$35.77 and its two-hundred day simple moving average is C$33.92. The company has a market cap of C$20.77 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of -3.07 and a beta of 1.06. The company has a debt-to-equity ratio of 46.06, a quick ratio of 107.64 and a current ratio of 123.81. Power Co. of Canada has a 52 week low of C$29.76 and a 52 week high of C$39.71.
Power Co. of Canada Company Profile
Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Before you consider Power Co. of Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Power Co. of Canada wasn't on the list.
While Power Co. of Canada currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report