Power Co. of Canada (TSE:POW) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$54.13.

Several brokerages have commented on POW. Desjardins raised their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. CIBC upgraded Power Co. of Canada from a "neutral" rating to an "outperform" rating and lifted their price target for the company from C$48.00 to C$55.00 in a research report on Friday, February 7th. Jefferies Financial Group upped their price target on Power Co. of Canada from C$54.00 to C$55.00 in a research note on Thursday, March 20th. TD Securities raised their price objective on Power Co. of Canada from C$53.00 to C$54.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Finally, Cfra Research raised shares of Power Co. of Canada to a "hold" rating in a research report on Thursday, March 20th.

Power Co. of Canada Stock Down 2.7 %

Shares of TSE:POW traded down C$1.32 on Monday, hitting C$47.48. The company had a trading volume of 2,512,825 shares, compared to its average volume of 2,715,001. The firm's 50-day simple moving average is C$48.99 and its two-hundred day simple moving average is C$46.19. The firm has a market capitalization of C$30.35 billion, a price-to-earnings ratio of 13.41, a P/E/G 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$52.09.

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.