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

Power Co. of Canada (TSE:POW) had its price objective hoisted by BMO Capital Markets from C$42.00 to C$49.00 in a research note released on Tuesday morning,BayStreet.CA reports.

Several other analysts have also recently commented on POW. TD Securities upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Royal Bank of Canada boosted their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. CIBC lowered their price target on Power Co. of Canada from C$43.00 to C$40.00 in a report on Friday, August 9th. Scotiabank lifted their price objective on Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. Finally, Jefferies Financial Group lowered their target price on Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.61.

Power Co. of Canada Trading Up 0.6 %

TSE:POW opened at C$46.87 on Tuesday. Power Co. of Canada has a 1 year low of C$34.04 and a 1 year high of C$47.18. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The stock has a fifty day moving average price of C$43.42 and a two-hundred day moving average price of C$40.42. The stock has a market capitalization of C$27.77 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.57 and a beta of 1.09.

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.