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

Shares of Power Co. of Canada (TSE:POW) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$66.00.

Several research analysts have recently commented on POW shares. Desjardins boosted their price objective on Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. TD Securities lifted their target price on shares of Power Co. of Canada from C$62.00 to C$69.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Scotiabank boosted their price target on shares of Power Co. of Canada from C$69.00 to C$76.00 in a research note on Thursday, November 13th. BMO Capital Markets increased their price target on shares of Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada increased their price objective on Power Co. of Canada from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 28th.

Power Co. of Canada Trading Down 0.1%

Power Co. of Canada stock opened at C$69.60 on Tuesday. Power Co. of Canada has a 1-year low of C$41.88 and a 1-year high of C$71.97. The firm has a market capitalization of C$44.34 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 0.57 and a beta of 0.86. The firm’s 50 day simple moving average is C$62.35 and its 200 day simple moving average is C$56.92.

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).