TD Securities Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its price objective raised by TD Securities from C$53.00 to C$54.00 in a report published on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. National Bankshares lifted their price target on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday. Jefferies Financial Group boosted their price objective on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Finally, Desjardins boosted 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 research note on Tuesday, March 4th. Three equities research 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$54.13.

Power Co. of Canada Stock Performance

POW opened at C$49.94 on Thursday. The company has a fifty day moving average price of C$46.65 and a two-hundred day moving average price of C$45.26. Power Co. of Canada has a 52 week low of C$35.83 and a 52 week high of C$50.79. 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.

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.