Power Co. of Canada (TSE:POW) Price Target Lowered to C$38.00 at BMO Capital Markets

Power Co. of Canada (TSE:POW) had its price target reduced by BMO Capital Markets from C$41.00 to C$38.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

A number of other research analysts have also issued reports on POW. Cfra boosted their price objective on Power Co. of Canada from C$38.00 to C$42.00 in a research report on Friday, August 11th. TD Securities cut their price objective on shares of Power Co. of Canada from C$43.00 to C$40.00 and set a buy rating on the stock in a research note on Tuesday, October 31st. CIBC cut their price objective on shares of Power Co. of Canada from C$42.00 to C$38.00 and set a neutral rating on the stock in a research note on Thursday, October 26th. Scotiabank cut their price objective on shares of Power Co. of Canada from C$43.50 to C$42.40 and set a sector perform rating on the stock in a research note on Monday, October 30th. Finally, Royal Bank of Canada cut their price objective on shares of Power Co. of Canada from C$45.00 to C$41.00 and set a sector perform rating on the stock in a research note on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of C$40.30.

Power Co. of Canada Price Performance

Shares of POW opened at C$34.07 on Monday. The firm has a market cap of C$20.61 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.95 and a beta of 1.09. The stock has a 50 day moving average of C$35.18 and a 200-day moving average of C$35.92. The company has a current ratio of 42.50, a quick ratio of 107.64 and a debt-to-equity ratio of 50.02. Power Co. of Canada has a 52 week low of C$31.47 and a 52 week high of C$38.98.

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, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; fund and asset management; reinsurance and retrocession; investment advisory, financial planning, and related services; fund products; and protection and wealth management services.