Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Power Co. of Canada (TSE:POW) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$50.69.

POW has been the topic of a number of research analyst reports. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$48.00 to C$55.00 in a report on Friday, February 7th. TD Securities raised their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Desjardins raised their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group lifted their target price on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, February 27th.

Power Co. of Canada Trading Up 0.1 %

POW stock opened at C$48.22 on Thursday. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$50.79. The company’s 50 day moving average is C$45.78 and its two-hundred day moving average is C$44.73. The stock has a market cap of C$30.82 billion, a P/E ratio of 13.62, a PEG ratio of 0.57 and a beta of 1.09.

About Power Co. of Canada

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.