Power Co. of Canada (TSE:POW) Price Target Raised to C$79.00 at Desjardins

Power Co. of Canada (TSE:POW) had its price target boosted by Desjardins from C$78.00 to C$79.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on the company. Canadian Imperial Bank of Commerce set a C$75.00 price target on Power Co. of Canada and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Scotiabank boosted their target price 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. TD Securities cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Jefferies Financial Group increased their price target on Power Co. of Canada from C$60.00 to C$68.00 in a report on Friday, November 14th. Finally, BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$60.00 to C$71.00 in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$73.25.

Power Co. of Canada Stock Down 1.4%

Power Co. of Canada stock opened at C$67.32 on Tuesday. The company has a current ratio of 3.95, a quick ratio of 107.64 and a debt-to-equity ratio of 84.71. Power Co. of Canada has a 1-year low of C$47.05 and a 1-year high of C$74.91. The firm’s fifty day simple moving average is C$69.45 and its 200-day simple moving average is C$66.02. The company has a market capitalization of C$42.89 billion, a P/E ratio of 14.20, 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.