Power Co. of Canada (TSE:POW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Power Co. of Canada (TSE:POW) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$48.31.

A number of brokerages recently weighed in on POW. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. National Bankshares upped their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. TD Securities lifted their target price on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$48.00 to C$55.00 in a research report on Friday, February 7th.

Power Co. of Canada Stock Performance

TSE POW opened at C$47.62 on Friday. The firm’s fifty day moving average price is C$44.74 and its two-hundred day moving average price is C$43.48. The stock has a market cap of C$30.44 billion, a PE ratio of 13.45, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$48.01.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.