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

Power Co. of Canada (TSE:POW) has been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$55.38.

Several analysts recently weighed in on the company. National Bankshares raised their price objective on Power Co. of Canada from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, March 20th. Royal Bank Of Canada raised Power Co. of Canada to a “moderate buy” rating and set a C$57.00 price target on the stock in a research note on Wednesday. Jefferies Financial Group lifted their price target on Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st. Desjardins lifted 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 research note on Tuesday, March 4th. Finally, Scotiabank cut 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 note on Thursday, May 22nd.

Power Co. of Canada Stock Up 0.4%

TSE:POW opened at C$52.93 on Friday. The stock’s 50-day simple moving average is C$51.15 and its 200 day simple moving average is C$48.35. The firm has a market capitalization of C$33.83 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a twelve month low of C$36.08 and a twelve month high of C$53.49.

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.