Power Co. of Canada (TSE:POW) Price Target Raised to C$55.00

Power Co. of Canada (TSE:POW) had its price target raised by National Bankshares from C$50.00 to C$55.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the financial services provider’s stock.

A number of other research firms also recently commented on POW. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Jefferies Financial Group boosted their price objective on 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. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$48.00 to C$55.00 in a report on Friday, February 7th. TD Securities upped their price target on 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. Finally, Desjardins upped their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$54.13.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$49.94 on Thursday. The business’s 50 day moving average price is C$46.65 and its 200-day moving average price is C$45.26. The firm 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 1 year low of C$35.83 and a 1 year high of C$50.79.

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.