Royal Bank of Canada Increases Power Co. of Canada (TSE:POW) Price Target to C$41.00

Power Co. of Canada (TSE:POW – Get Rating) had its price target increased by research analysts at Royal Bank of Canada from C$39.00 to C$41.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 21.63% from the company’s current price.

Other analysts have also issued research reports about the stock. Desjardins lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$36.00 to C$40.00 in a research note on Tuesday, March 14th. TD Securities lifted their price target on shares of Power Co. of Canada from C$35.00 to C$38.00 and gave the company a “hold” rating in a research report on Wednesday, February 15th. CIBC lifted their price target on shares of Power Co. of Canada from C$35.00 to C$37.00 in a research report on Tuesday, January 24th. Finally, Scotiabank lifted their price target on shares of Power Co. of Canada from C$39.00 to C$44.00 in a research report on Wednesday, March 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Power Co. of Canada currently has a consensus rating of “Hold” and an average price target of C$39.57.

Power Co. of Canada Stock Performance

TSE:POW opened at C$33.71 on Friday. The company has a fifty day moving average of C$35.77 and a 200-day moving average of C$33.92. The firm has a market capitalization of C$20.64 billion, a P/E ratio of 11.47, a P/E/G ratio of -3.07 and a beta of 1.06. The company has a quick ratio of 107.64, a current ratio of 123.81 and a debt-to-equity ratio of 46.06. Power Co. of Canada has a twelve month low of C$29.76 and a twelve month high of C$39.71.

About Power Co. of Canada

(Get Rating)

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.