BMO Capital Markets Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its price objective raised by analysts at BMO Capital Markets from C$49.00 to C$52.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 6.30% from the stock’s current price.

Several other research analysts have also recently weighed in on POW. Desjardins increased their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. 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. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Jefferies Financial Group raised their price target on Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, TD Securities raised their price target on 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, February 13th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Power Co. of Canada currently has an average rating of “Moderate Buy” and an average price target of C$51.06.

Power Co. of Canada Price Performance

POW stock opened at C$48.92 on Friday. The stock has a market capitalization of C$31.27 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.57 and a beta of 1.09. The business’s fifty day moving average price is C$46.03 and its two-hundred day moving average price is C$44.93. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$50.79.

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.