Power Co. of Canada (TSE:POW) Given New C$62.00 Price Target at Scotiabank

Power Co. of Canada (TSE:POW) had its price objective boosted by Scotiabank from C$56.00 to C$62.00 in a report issued on Friday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

Several other brokerages have also recently commented on POW. BMO Capital Markets increased their price target on shares of Power Co. of Canada from C$49.00 to C$52.00 in a research report on Friday, March 14th. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$48.00 to C$55.00 in a report on Friday, February 7th. Jefferies Financial Group boosted their price target on Power Co. of Canada from C$54.00 to C$55.00 in a report on Thursday. 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, National Bankshares boosted their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$54.13.

Power Co. of Canada Price Performance

POW opened at C$49.94 on Friday. The stock has a market capitalization of C$31.92 billion, a PE ratio of 14.10, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 12-month low of C$35.83 and a 12-month high of C$50.79. The firm’s fifty day moving average price is C$46.65 and its 200 day moving average price is C$45.23.

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.