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

Power Co. of Canada (TSE:POW) had its price target lifted by Jefferies Financial Group from C$52.00 to C$54.00 in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other research analysts have also issued reports on POW. TD Securities upped their price target 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. National Bankshares upped their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Finally, CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$49.56.

Power Co. of Canada Stock Performance

Shares of POW stock opened at C$48.62 on Thursday. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$49.04. The firm has a market capitalization of C$31.08 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 0.57 and a beta of 1.09. The stock’s 50-day simple moving average is C$45.02 and its 200-day simple moving average is C$43.92.

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.