Power Co. of Canada (TSE:POW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Power Co. of Canada (TSE:POW) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$54.13.

A number of analysts have weighed in on POW shares. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price target 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$55.00 to C$56.00 in a report on Monday, April 21st. Desjardins boosted their price target 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 Tuesday, March 4th. National Bankshares raised their price objective on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, March 20th. Finally, 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.

Power Co. of Canada Trading Down 1.1 %

POW stock opened at C$51.58 on Friday. Power Co. of Canada has a 1-year low of C$36.08 and a 1-year high of C$52.31. The business’s 50 day moving average is C$49.85 and its 200-day moving average is C$46.87. The firm has a market cap of C$32.97 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.57 and a beta of 1.09.

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.