BMO Capital Markets Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price upped by BMO Capital Markets from C$49.00 to C$52.00 in a research note published on Friday,BayStreet.CA reports.

POW has been the subject of a number of other reports. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. Desjardins increased their target price on 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. 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. Jefferies Financial Group increased their target price on Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, TD Securities increased their target price on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Three research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$51.06.

Power Co. of Canada Stock Up 1.5 %

POW opened at C$48.92 on Friday. The business has a 50 day moving average price of C$45.93 and a two-hundred day moving average price of C$44.82. The company has a market cap of C$31.27 billion, a PE ratio of 13.81, a P/E/G ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 52 week low of C$35.83 and a 52 week high of C$50.79.

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.