Jefferies Financial Group Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW - Get Free Report) had its price objective boosted by Jefferies Financial Group from C$55.00 to C$56.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price objective would indicate a potential upside of 13.73% from the stock's previous close.

Several other equities research analysts have also commented on POW. CIBC upgraded shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. TD Securities boosted their price target on Power Co. of Canada from C$53.00 to C$54.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. Desjardins 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 note on Tuesday, March 4th. Finally, National Bankshares increased their price target on Power Co. of Canada from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Power Co. of Canada has a consensus rating of "Moderate Buy" and a consensus price target of C$54.25.

Power Co. of Canada Stock Down 0.9 %

Shares of POW traded down C$0.46 during mid-day trading on Monday, reaching C$49.24. The company had a trading volume of 235,991 shares, compared to its average volume of 2,699,081. The stock has a market capitalization of C$31.47 billion, a P/E ratio of 13.90, a PEG ratio of 0.57 and a beta of 1.09. The stock has a 50 day moving average of C$49.28 and a two-hundred day moving average of C$46.42. Power Co. of Canada has a 52-week low of C$36.08 and a 52-week high of C$52.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.