Jefferies Financial Group Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its price objective raised by Jefferies Financial Group from C$54.00 to C$55.00 in a note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 10.13% from the company’s current price.

Several other equities analysts have also commented on POW. TD Securities upped their target price on Power Co. of Canada from C$53.00 to C$54.00 and gave the company a “buy” rating in a research note on Thursday. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. National Bankshares upped their target price on Power Co. of Canada from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday. Desjardins boosted their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, BMO Capital Markets boosted their price target on Power Co. of Canada from C$49.00 to C$52.00 in a research report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$54.13.

Power Co. of Canada Trading Down 0.7 %

Power Co. of Canada stock opened at C$49.94 on Thursday. The firm has a market capitalization of C$31.92 billion, a P/E ratio of 14.10, a PEG ratio of 0.57 and a beta of 1.09. The stock has a fifty day moving average price of C$46.65 and a 200 day moving average price of C$45.23. Power Co. of Canada has a 52 week low of C$35.83 and a 52 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.