Jefferies Financial Group Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its target price boosted by analysts at Jefferies Financial Group from C$54.00 to C$55.00 in a report released on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 10.13% from the stock’s previous close.

Several other analysts have also recently issued reports on POW. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. National Bankshares upped their price objective on Power Co. of Canada from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday. Desjardins upped their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Finally, TD Securities upped their price objective on Power Co. of Canada from C$53.00 to C$54.00 and gave the company a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$54.13.

Power Co. of Canada Stock Performance

TSE:POW opened at C$49.94 on Thursday. The business’s 50-day simple moving average is C$46.65 and its 200 day simple moving average is C$45.23. Power Co. of Canada has a one year low of C$35.83 and a one year high of C$50.79. The stock has a market cap of C$31.92 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Power Co. of Canada Company Profile

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.