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

Shares of Power Co. of Canada (TSE:POW - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$50.69.

A number of research firms have recently issued reports on POW. 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. Jefferies Financial Group raised their target price on Power Co. of Canada from C$52.00 to C$54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Desjardins upped their price target on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. CIBC upgraded shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Finally, TD Securities increased their price objective 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.

Power Co. of Canada Stock Down 0.1 %

Shares of POW traded down C$0.03 during mid-day trading on Thursday, hitting C$48.19. 2,820,436 shares of the company's stock were exchanged, compared to its average volume of 2,217,760. The stock has a market cap of C$30.80 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 0.57 and a beta of 1.09. The firm has a fifty day moving average of C$45.85 and a two-hundred day moving average of C$44.75. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$50.79.

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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.