Power Co. of Canada (TSE:POW) Price Target Raised to C$62.00

Power Co. of Canada (TSE:POW - Free Report) had its price target boosted by Scotiabank from C$56.00 to C$62.00 in a report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider's stock.

Other equities analysts have also recently issued research reports about the stock. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a research note on Thursday, March 20th. Jefferies Financial Group upped their target price on Power Co. of Canada from C$54.00 to C$55.00 in a research note on Thursday, March 20th. Cibc World Mkts upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. CIBC raised Power Co. of Canada from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. Finally, BMO Capital Markets upped their price objective on Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$54.13.

Power Co. of Canada Stock Performance

POW stock traded up C$1.03 during midday trading on Friday, reaching C$51.23. 2,395,270 shares of the company's stock traded hands, compared to its average volume of 2,310,473. Power Co. of Canada has a 52 week low of C$35.83 and a 52 week high of C$51.38. The company has a 50-day moving average price of C$46.81 and a two-hundred day moving average price of C$45.32. The firm has a market capitalization of C$32.74 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

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.