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

Power Co. of Canada (TSE:POW) had its target price upped by National Bankshares from C$50.00 to C$55.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. National Bankshares’ price target would indicate a potential upside of 10.13% from the company’s current price.

Other research analysts have also issued research reports about the stock. TD Securities upped 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 report on Thursday, February 13th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$48.00 to C$55.00 in a research report on Friday, February 7th. Jefferies Financial Group upped their target price 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. Finally, BMO Capital Markets upped their target price on shares of Power Co. of Canada from C$49.00 to C$52.00 in a research note on Friday, March 14th. Three 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$54.13.

Power Co. of Canada Price Performance

Power Co. of Canada stock opened at C$49.94 on Thursday. The firm has a market cap of C$31.92 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$50.79. The firm has a fifty day moving average price of C$46.65 and a two-hundred day moving average price of C$45.23.

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.