Power Co. of Canada (TSE:POW) Price Target Raised to C$68.00

Power Co. of Canada (TSE:POW) had its price target increased by equities research analysts at Royal Bank Of Canada from C$60.00 to C$68.00 in a research report issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price target would indicate a potential upside of 0.01% from the stock’s previous close.

A number of other research analysts have also weighed in on POW. Scotiabank increased their price objective on Power Co. of Canada from C$69.00 to C$76.00 in a report on Thursday, November 13th. BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. Jefferies Financial Group lifted their price objective on shares of Power Co. of Canada from C$60.00 to C$68.00 in a research report on Friday, November 14th. National Bankshares upped their target price on Power Co. of Canada from C$58.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Monday, October 27th. Finally, TD Securities cut shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$69.50.

Power Co. of Canada Stock Performance

POW stock traded down C$0.32 during trading on Wednesday, hitting C$67.99. 550,788 shares of the company’s stock traded hands, compared to its average volume of 2,403,072. The business has a fifty day simple moving average of C$62.55 and a 200 day simple moving average of C$57.04. The stock has a market capitalization of C$43.31 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 0.57 and a beta of 0.86. Power Co. of Canada has a 52 week low of C$41.88 and a 52 week high of C$71.97.

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).