Power Co. of Canada (TSE:POW) Receives Average Rating of “Hold” from Analysts

Shares of Power Co. of Canada (TSE:POW) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$54.13.

POW has been the topic of a number of analyst reports. Scotiabank lowered their price target on Power Co. of Canada from C$61.00 to C$57.00 and set an “outperform” rating on the stock in a research report on Thursday, May 22nd. TD Securities boosted their price objective on Power Co. of Canada from C$54.00 to C$56.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. CIBC cut Power Co. of Canada from an “outperform” rating to a “neutral” rating and set a C$55.00 price target on the stock. in a report on Thursday, May 22nd. Desjardins raised their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, National Bankshares raised their price target on Power Co. of Canada from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday, March 20th.

Power Co. of Canada Stock Performance

POW opened at C$50.60 on Tuesday. The business has a 50 day moving average price of C$50.39 and a 200 day moving average price of C$47.62. Power Co. of Canada has a twelve month low of C$36.08 and a twelve month high of C$52.31. The firm has a market cap of C$32.34 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

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.