Power Co. of Canada (TSE:POW) Price Target Raised to C$49.00

Power Co. of Canada (TSE:POWGet Free Report) had its price target raised by BMO Capital Markets from C$42.00 to C$49.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 4.99% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. National Bankshares lifted their price objective on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Desjardins boosted their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada raised their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Scotiabank raised their price objective on Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$44.61.

View Our Latest Research Report on POW

Power Co. of Canada Trading Up 0.2 %

POW stock traded up C$0.09 during trading on Tuesday, reaching C$46.67. 264,242 shares of the stock traded hands, compared to its average volume of 2,939,373. The firm has a market capitalization of C$27.65 billion, a PE ratio of 10.63, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The business’s 50 day moving average price is C$43.30 and its 200-day moving average price is C$40.37. Power Co. of Canada has a 52-week low of C$34.04 and a 52-week high of C$47.18.

About Power Co. of Canada

(Get Free Report)

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.

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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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