Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, TD Securities Analyst Says

Power Co. of Canada (TSE:POW) had its price objective upped by TD Securities from C$53.00 to C$54.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective indicates a potential upside of 8.13% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. Jefferies Financial Group upped their price target on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets upped their price target on shares of Power Co. of Canada from C$49.00 to C$52.00 in a research note on Friday, March 14th. Cibc World Mkts upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Finally, Desjardins upped their target price 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. 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 MarketBeat, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and an average target price of C$54.13.

Power Co. of Canada Trading Down 0.7 %

Shares of POW stock opened at C$49.94 on Thursday. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$50.79. The stock has a market cap of C$31.92 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company’s fifty day moving average price is C$46.65 and its 200-day moving average price is C$45.23.

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.