Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Power Co. of Canada (TSE:POW) had its price target increased by Jefferies Financial Group from C$54.00 to C$55.00 in a research report report published on Thursday,BayStreet.CA reports.

Several other brokerages have also weighed in on POW. National Bankshares increased their target price 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 note on Thursday. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. CIBC raised shares of 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 research note on Friday, February 7th. Desjardins raised their price objective on shares of 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. Finally, BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$49.00 to C$52.00 in a research note on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Power Co. of Canada has a consensus rating of “Moderate Buy” and an average price target of C$52.31.

Power Co. of Canada Price Performance

Shares of POW stock opened at C$50.29 on Thursday. The firm has a market cap of C$32.14 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a 50-day moving average of C$46.51 and a two-hundred day moving average of C$45.16. 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.