Analysts Set Power Co. of Canada (TSE:POW) Price Target at C$48.31

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$48.31.

Several equities analysts have recently weighed in on POW shares. BMO Capital Markets upped their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. National Bankshares increased their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. 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. TD Securities increased their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, CIBC upgraded shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and upped their target price for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th.

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Power Co. of Canada Price Performance

POW traded down C$0.24 during trading on Friday, hitting C$48.03. The company's stock had a trading volume of 424,840 shares, compared to its average volume of 2,123,860. The stock has a market capitalization of C$30.70 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$48.55. The business's fifty day simple moving average is C$44.75.

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.