Desjardins Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price raised by research analysts at Desjardins from C$55.00 to C$60.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target suggests a potential upside of 5.15% from the stock’s current price. Desjardins also issued estimates for Power Co. of Canada’s Q3 2025 earnings at $1.30 EPS, Q4 2025 earnings at $1.33 EPS, FY2025 earnings at $5.22 EPS and FY2026 earnings at $5.65 EPS.

Several other brokerages also recently weighed in on POW. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 29th. Scotiabank lifted their price target on shares of Power Co. of Canada from C$57.00 to C$59.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada upgraded shares of Power Co. of Canada to a “moderate buy” rating and set a C$57.00 price objective for the company in a research note on Wednesday, June 18th. Jefferies Financial Group raised their price objective on Power Co. of Canada from C$55.00 to C$56.00 in a report on Monday, April 21st. Finally, Cibc World Mkts cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Power Co. of Canada presently has a consensus rating of “Hold” and an average price target of C$59.25.

Power Co. of Canada Stock Performance

POW opened at C$57.06 on Monday. Power Co. of Canada has a one year low of C$37.56 and a one year high of C$59.00. The company has a market cap of C$36.47 billion, a P/E ratio of 16.11, a PEG ratio of 0.57 and a beta of 1.09. The business’s 50-day simple moving average is C$53.90 and its 200-day simple moving average is C$50.89.

About Power Co. of Canada

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).