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

Power Co. of Canada (TSE:POW - Get Free Report) had its price objective boosted by analysts at Jefferies Financial Group from C$52.00 to C$54.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Jefferies Financial Group's price objective points to a potential upside of 9.60% from the stock's previous close.

Several other brokerages have also issued reports on POW. CIBC raised shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from C$48.00 to C$55.00 in a report on Friday, February 7th. National Bankshares raised their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. TD Securities raised their target price 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 Thursday, February 13th. BMO Capital Markets raised their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Finally, 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. Three 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's stock. Based on data from MarketBeat, Power Co. of Canada has a consensus rating of "Moderate Buy" and an average price target of C$49.56.

Remove Ads

Power Co. of Canada Price Performance

POW stock traded up C$0.17 during trading on Thursday, hitting C$49.27. 3,037,163 shares of the company's stock traded hands, compared to its average volume of 2,061,485. The company has a market capitalization of C$31.49 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.57 and a beta of 1.09. The stock's fifty day moving average price is C$45.17. Power Co. of Canada has a 1 year low of C$35.83 and a 1 year high of C$49.83.

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.