Power Co. of Canada (TSE:POW) Receives C$48.31 Average PT from Analysts

Shares of Power Co. of Canada (TSE:POW) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$48.31.

Several equities analysts recently weighed in on the company. Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. TD Securities raised 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 Thursday, February 13th. BMO Capital Markets raised their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Finally, National Bankshares raised their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th.

Power Co. of Canada Price Performance

TSE POW opened at C$47.82 on Friday. Power Co. of Canada has a 1-year low of C$35.83 and a 1-year high of C$48.55. The company has a market capitalization of C$30.56 billion, a P/E ratio of 13.50, a PEG ratio of 0.57 and a beta of 1.09. The business has a 50 day moving average price of C$44.88 and a 200 day moving average price of C$43.76.

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.