BMO Capital Markets Forecasts Strong Price Appreciation for Power Co. of Canada (TSE:POW) Stock

Power Co. of Canada (TSE:POW) had its price objective boosted by investment analysts at BMO Capital Markets from C$49.00 to C$52.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 6.27% from the company’s current price.

A number of other analysts have also recently commented on POW. CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. TD Securities boosted their price target on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Desjardins boosted their price target on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Jefferies Financial Group boosted their price target on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.06.

Power Co. of Canada Stock Performance

Power Co. of Canada stock traded up C$0.74 during midday trading on Friday, hitting C$48.93. 289,804 shares of the company’s stock were exchanged, compared to its average volume of 2,179,457. Power Co. of Canada has a 12 month low of C$35.83 and a 12 month high of C$50.79. The company has a market cap of C$31.27 billion, a PE ratio of 13.82, a P/E/G ratio of 0.57 and a beta of 1.09. The firm has a 50-day moving average of C$45.93 and a two-hundred day moving average of C$44.82.

Power Co. of Canada Company Profile

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.