Power Co. of Canada (TSE:POW) Receives Consensus Rating of “Moderate Buy” from Analysts

Power Co. of Canada (TSE:POW) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$50.69.

POW has been the subject of several research analyst reports. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. TD Securities raised their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Desjardins raised their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group raised their price objective on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Power Co. of Canada Price Performance

Shares of POW stock opened at C$48.22 on Thursday. The firm has a market cap of C$30.82 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a 50-day moving average of C$45.78 and a two-hundred day moving average of C$44.73. Power Co. of Canada has a 1-year low of C$35.83 and a 1-year high of C$50.79.

About Power Co. of Canada

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.