Power Co. of Canada (TSE:POW) Given Average Rating of “Moderate Buy” by Analysts

Shares of Power Co. of Canada (TSE:POW) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$55.38.

POW has been the subject of several analyst reports. BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$52.00 to C$54.00 in a research note on Thursday, May 22nd. Scotiabank lowered 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 research note on Thursday, May 22nd. National Bankshares lifted their target price on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 20th. CIBC downgraded shares of Power Co. of Canada from an “outperform” rating to a “neutral” rating and set a C$55.00 target price for the company. in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada raised shares of Power Co. of Canada to a “moderate buy” rating and set a C$57.00 target price for the company in a research note on Wednesday, June 18th.

Power Co. of Canada Stock Performance

POW stock opened at C$53.49 on Wednesday. The company has a fifty day moving average price of C$52.03 and a 200-day moving average price of C$49.21. The company has a market capitalization of C$34.19 billion, a P/E ratio of 15.10, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 52-week low of C$36.08 and a 52-week high of C$54.20.

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.