Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Power Co. of Canada (TSE:POW) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$54.13.

POW has been the subject of a number of recent analyst reports. Cfra Research upgraded shares of Power Co. of Canada to a “hold” rating in a report on Thursday, March 20th. Scotiabank lowered their target price on Power Co. of Canada from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. BMO Capital Markets upped their price target on Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. TD Securities raised their price objective on shares of Power Co. of Canada from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group upped their target price on shares of Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st.

Power Co. of Canada Trading Down 1.1 %

Shares of Power Co. of Canada stock opened at C$51.58 on Friday. The firm has a fifty day simple moving average of C$49.85 and a 200-day simple moving average of C$46.87. The stock has a market capitalization of C$32.97 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 1-year low of C$36.08 and a 1-year high of C$52.31.

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.