Power Co. of Canada (TSE:POW) Stock Price Expected to Rise, Desjardins Analyst Says

Power Co. of Canada (TSE:POW) had its price objective lifted by Desjardins from C$49.00 to C$53.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target suggests a potential upside of 6.26% from the company’s previous close.

POW has been the subject of a number of other research reports. BMO Capital Markets increased their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. TD Securities boosted their target price 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. Finally, Jefferies Financial Group lifted their price target on Power Co. of Canada from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Three investment 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. According to MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.69.

Power Co. of Canada Stock Performance

Power Co. of Canada stock traded up C$0.61 on Tuesday, reaching C$49.88. 1,170,937 shares of the stock were exchanged, compared to its average volume of 2,038,734. The firm has a market cap of C$31.88 billion, a PE ratio of 14.08, a PEG ratio of 0.57 and a beta of 1.09. The company’s fifty day moving average is C$45.24. Power Co. of Canada has a twelve month low of C$35.83 and a twelve month high of C$49.95.

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.