TD Securities Boosts Power Co. of Canada (TSE:POW) Price Target to C$74.00

Power Co. of Canada (TSE:POW) had its target price upped by analysts at TD Securities from C$73.00 to C$74.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Securities’ price target would suggest a potential upside of 11.70% from the stock’s current price.

Several other brokerages have also issued reports on POW. Royal Bank Of Canada lifted their price objective on shares of Power Co. of Canada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a C$75.00 target price on Power Co. of Canada and gave the stock a “neutral” rating in a report on Wednesday, November 19th. Desjardins lifted their price target on Power Co. of Canada from C$78.00 to C$79.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. National Bank Financial boosted their price target on Power Co. of Canada from C$69.00 to C$77.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group upped their price objective on Power Co. of Canada from C$60.00 to C$68.00 in a research note on Friday, November 14th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$73.88.

Power Co. of Canada Trading Up 2.5%

TSE:POW opened at C$66.25 on Friday. The firm has a 50-day simple moving average of C$68.31 and a 200-day simple moving average of C$66.41. Power Co. of Canada has a one year low of C$47.05 and a one year high of C$74.91. The firm has a market cap of C$42.01 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.57 and a beta of 0.72. The company has a debt-to-equity ratio of 84.71, a quick ratio of 107.64 and a current ratio of 3.95.

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). Power Corp. bought out the remaining shares of Power Financial in February 2020.