TD Securities Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW - Free Report) had its price objective lifted by TD Securities from C$49.00 to C$53.00 in a report published on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the financial services provider's stock.

Other research analysts also recently issued research reports about the company. CIBC upgraded Power Co. of Canada from a "neutral" rating to an "outperform" rating and increased their price target for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. National Bankshares lifted their target price on shares of 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 upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Finally, BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Power Co. of Canada currently has an average rating of "Moderate Buy" and an average price target of C$48.31.

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Power Co. of Canada Trading Up 0.3 %

POW stock traded up C$0.15 during midday trading on Thursday, hitting C$47.62. The company's stock had a trading volume of 2,048,305 shares, compared to its average volume of 2,187,013. The stock has a market cap of C$30.44 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 1 year low of C$35.83 and a 1 year high of C$48.01. The company's 50-day moving average is C$44.74.

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.