Power Co. of Canada (TSE:POW) Given a C$57.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a C$57.00 target price on Power Co. of Canada (TSE:POW) in a report released on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other brokerages have also recently commented on POW. Cfra Research upgraded shares of Power Co. of Canada to a “hold” rating in a research note on Thursday, March 20th. Jefferies Financial Group raised their price objective on shares of Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st. TD Securities raised their price objective on shares of Power Co. of Canada from C$54.00 to C$56.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. CIBC cut shares of Power Co. of Canada from an “outperform” rating to a “neutral” rating and set a C$55.00 price objective for the company. in a research note on Thursday, May 22nd. Finally, Scotiabank dropped their target price on shares of Power Co. of Canada from C$61.00 to C$57.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$55.38.

Power Co. of Canada Stock Up 0.3%

Shares of TSE POW opened at C$52.55 on Wednesday. Power Co. of Canada has a 52 week low of C$36.08 and a 52 week high of C$53.49. The firm has a 50-day moving average price of C$50.96 and a 200 day moving average price of C$48.28. The stock has a market capitalization of C$33.59 billion, a price-to-earnings ratio of 14.84, 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.