Power Co. of Canada (TSE:POW) Price Target Raised to C$55.00 at Jefferies Financial Group

Power Co. of Canada (TSE:POW) had its price target increased by equities research analysts at Jefferies Financial Group from C$54.00 to C$55.00 in a note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 10.38% from the company’s current price.

POW has been the topic of a number of other reports. 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 report on Thursday. CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. 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. Desjardins boosted their price objective 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 note on Tuesday, March 4th. Finally, TD Securities boosted their price objective on shares of Power Co. of Canada from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Power Co. of Canada presently has an average rating of “Moderate Buy” and an average target price of C$52.31.

Power Co. of Canada Stock Up 1.1 %

Shares of Power Co. of Canada stock traded up C$0.56 during trading on Thursday, hitting C$49.83. The stock had a trading volume of 521,343 shares, compared to its average volume of 2,216,890. The stock has a 50 day simple moving average of C$46.37 and a 200 day simple moving average of C$45.09. The company has a market capitalization of C$31.85 billion, a PE ratio of 14.07, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 1 year low of C$35.83 and a 1 year high of C$50.79.

Power Co. of Canada Company Profile

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.