Power Co. of Canada (TSE:POW) Receives Average Recommendation of “Hold” from Analysts

Shares of Power Co. of Canada (TSE:POW) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$73.13.

Several equities analysts have issued reports on POW shares. Royal Bank Of Canada lifted their target price on Power Co. of Canada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. TD Securities lowered shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Jefferies Financial Group lifted their price objective on Power Co. of Canada from C$60.00 to C$68.00 in a research note on Friday, November 14th. BMO Capital Markets boosted their target price on shares of Power Co. of Canada from C$60.00 to C$71.00 in a research note on Wednesday, November 12th. Finally, Scotiabank upped their price target on Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th.

Power Co. of Canada Stock Performance

Power Co. of Canada stock opened at C$67.84 on Thursday. Power Co. of Canada has a fifty-two week low of C$47.05 and a fifty-two week high of C$74.91. The company has a 50 day moving average price of C$69.83 and a 200-day moving average price of C$65.64. The company has a market capitalization of C$43.22 billion, a PE ratio of 14.31, a P/E/G ratio of 0.57 and a beta of 0.75.

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.