Power Co. of Canada (TSE:POW) Price Target Raised to C$53.00

Power Co. of Canada (TSE:POW - Get Free Report) had its price objective boosted by stock analysts at Desjardins from C$49.00 to C$53.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Desjardins' target price would suggest a potential upside of 5.51% from the stock's previous close. Desjardins also issued estimates for Power Co. of Canada's Q4 2024 earnings at $1.65 EPS, FY2024 earnings at $4.78 EPS, FY2025 earnings at $5.25 EPS and FY2026 earnings at $5.70 EPS.

A number of other equities analysts have also recently issued reports on the company. TD Securities raised their target price on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. BMO Capital Markets raised their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. 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. Jefferies Financial Group raised their price target on Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, CIBC raised Power Co. of Canada from a "neutral" rating to an "outperform" rating and raised their price target for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$50.69.

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Power Co. of Canada Stock Performance

POW traded down C$0.46 during midday trading on Tuesday, reaching C$50.23. 2,283,035 shares of the company were exchanged, compared to its average volume of 2,142,414. Power Co. of Canada has a one year low of C$35.83 and a one year high of C$50.79. The stock has a market capitalization of C$32.10 billion, a P/E ratio of 14.18, a PEG ratio of 0.57 and a beta of 1.09. The stock's 50-day simple moving average is C$45.64 and its 200 day simple moving average is C$44.55.

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.