Power Co. of Canada (TSE:POW) Given Consensus Rating of “Hold” by Analysts

Shares of Power Co. of Canada (TSE:POW) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$60.00.

POW has been the topic of several recent research reports. Desjardins increased their price objective on shares of Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank upped their target price on shares of Power Co. of Canada from C$59.00 to C$65.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Jefferies Financial Group cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$57.00 to C$60.00 in a research note on Monday, August 11th. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$54.00 to C$58.00 in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada raised their target price on Power Co. of Canada from C$58.00 to C$59.00 in a report on Wednesday, October 15th.

Power Co. of Canada Trading Up 1.3%

Shares of POW stock opened at C$63.04 on Friday. The firm’s 50 day moving average is C$59.31 and its 200 day moving average is C$54.78. The stock has a market capitalization of C$40.43 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.57 and a beta of 0.91. Power Co. of Canada has a 12-month low of C$41.88 and a 12-month high of C$63.22.

About Power Co. of Canada

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).