Power Co. of Canada (TSE:POW) Price Target Raised to C$54.00

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 note released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other research firms also recently commented on POW. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. BMO Capital Markets increased 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. National Bankshares increased their target price on shares of 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. Finally, Jefferies Financial Group raised 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. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$54.13.

Power Co. of Canada Trading Down 0.7 %

TSE POW opened at C$49.94 on Thursday. The company has a market capitalization 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. Power Co. of Canada has a 1-year low of C$35.83 and a 1-year high of C$50.79. The firm’s fifty day simple moving average is C$46.65 and its 200-day simple moving average is C$45.26.

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.