Power Co. of Canada (TSE:POW) Given New C$69.00 Price Target at TD Securities

Power Co. of Canada (TSE:POW) had its target price hoisted by stock analysts at TD Securities from C$62.00 to C$69.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective points to a potential upside of 3.79% from the company’s previous close.

A number of other brokerages also recently weighed in on POW. Royal Bank Of Canada upped their price target on shares of Power Co. of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 28th. Scotiabank upped their price target on shares of Power Co. of Canada from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. BMO Capital Markets upped their price target on shares of Power Co. of Canada from C$54.00 to C$58.00 in a report on Thursday, August 7th. Jefferies Financial Group downgraded shares of Power Co. of Canada from a “buy” rating to a “hold” rating and upped their price target for the stock from C$57.00 to C$60.00 in a report on Monday, August 11th. Finally, Desjardins upped their price target on shares of Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Hold” and an average target price of C$62.38.

Power Co. of Canada Stock Performance

POW traded up C$0.13 on Wednesday, reaching C$66.48. The company had a trading volume of 427,301 shares, compared to its average volume of 2,417,849. The stock has a market cap of C$42.63 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.57 and a beta of 0.86. Power Co. of Canada has a fifty-two week low of C$41.88 and a fifty-two week high of C$67.03. The company’s fifty day moving average is C$60.47 and its 200 day moving average is C$55.81.

About Power Co. of Canada

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).