Scotiabank Increases Power Co. of Canada (POW) Price Target to C$33.00
Power Co. of Canada (TSE:POW) had its price target lifted by research analysts at Scotiabank from C$32.00 to C$33.00 in a research report issued to clients and investors on Monday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 12.24% from the company’s current price.
Several other research firms have also weighed in on POW. Barclays PLC reduced their target price on shares of Power Co. of Canada from C$32.00 to C$30.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 3rd. Desjardins reduced their target price on shares of Power Co. of Canada from C$33.00 to C$32.00 in a report on Monday, August 8th. Finally, BMO Capital Markets dropped their price target on shares of Power Co. of Canada from C$34.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Saturday, August 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Power Co. of Canada currently has a consensus rating of “Hold” and an average price target of C$32.00.
Shares of Power Co. of Canada (TSE:POW) opened at 29.40 on Monday. The stock’s 50 day moving average is $28.54 and its 200 day moving average is $28.29. The firm has a market cap of $13.62 billion and a P/E ratio of 12.02. Power Co. of Canada has a 52 week low of $26.25 and a 52 week high of $31.83.
Power Co. of Canada Company Profile
Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc (Lifeco), IGM Financial Inc (IGM) and Pargesa Holding SA (Pargesa).
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