National Bankshares Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its price objective lifted by National Bankshares from C$50.00 to C$55.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. National Bankshares’ price objective indicates a potential upside of 10.13% from the stock’s previous close.

A number of other brokerages have also recently issued reports on POW. Jefferies Financial Group raised their target price on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. BMO Capital Markets raised their target price on shares of Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. Desjardins raised 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 report on Tuesday, March 4th. Finally, TD Securities raised 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 report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$54.13.

Power Co. of Canada Trading Down 0.7 %

Shares of POW 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 price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The stock’s fifty day simple moving average is C$46.65 and its 200 day simple moving average is C$45.23. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month 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.