Power Co. of Canada (TSE:POW) Receives C$73.13 Consensus PT from Analysts

Power Co. of Canada (TSE:POW) has been given an average rating of “Hold” by the eight ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$73.13.

POW has been the subject of several recent research reports. Desjardins increased their price objective on shares of Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Canadian Imperial Bank of Commerce set a C$75.00 target price on Power Co. of Canada and gave the stock a “neutral” rating in a research report on Wednesday, November 19th. Jefferies Financial Group raised their target price on Power Co. of Canada from C$60.00 to C$68.00 in a report on Friday, November 14th. National Bank Financial boosted their price target on Power Co. of Canada from C$69.00 to C$77.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada upped their price target on Power Co. of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th.

Power Co. of Canada Price Performance

TSE POW opened at C$68.52 on Thursday. Power Co. of Canada has a 1-year low of C$47.05 and a 1-year high of C$74.91. The firm has a market capitalization of C$43.65 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.57 and a beta of 0.75. The business’s 50-day simple moving average is C$69.67 and its 200-day simple moving average is C$65.80.

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). Power Corp. bought out the remaining shares of Power Financial in February 2020.