Power Co. of Canada (TSE:POW) Price Target Raised to C$76.00

Power Co. of Canada (TSE:POW) had its price target hoisted by equities researchers at Scotiabank from C$69.00 to C$76.00 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 7.63% from the company’s previous close.

A number of other research firms have also recently commented on POW. Jefferies Financial Group cut Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$57.00 to C$60.00 in a research note on Monday, August 11th. National Bankshares raised their price objective on shares of Power Co. of Canada from C$58.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Monday, October 27th. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$60.00 to C$71.00 in a research report on Wednesday. TD Securities increased their target price on shares of Power Co. of Canada from C$62.00 to C$69.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada raised their price target on shares of Power Co. of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$65.00.

Power Co. of Canada Trading Up 1.0%

Shares of POW stock traded up C$0.73 during trading on Thursday, hitting C$70.61. The company’s stock had a trading volume of 1,020,276 shares, compared to its average volume of 2,404,491. The company has a market cap of C$45.28 billion, a PE ratio of 16.97, a P/E/G ratio of 0.57 and a beta of 0.86. The business has a fifty day moving average of C$61.64 and a 200-day moving average of C$56.50. Power Co. of Canada has a 52 week low of C$41.88 and a 52 week high of C$71.97.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).