Power Co. of Canada (TSE:POW) Price Target Raised to C$55.00 at Jefferies Financial Group

Power Co. of Canada (TSE:POW) had its price objective increased by equities research analysts at Jefferies Financial Group from C$54.00 to C$55.00 in a report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 10.38% from the stock’s current price.

Several other analysts also recently weighed in on POW. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$49.00 to C$52.00 in a research report on Friday, March 14th. National Bankshares boosted their price target on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday. TD Securities boosted their price target on shares of Power Co. of Canada from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Thursday. 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 research report on Tuesday, March 4th. Finally, CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$48.00 to C$55.00 in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$52.31.

Power Co. of Canada Trading Up 1.1 %

TSE:POW traded up C$0.56 during mid-day trading on Thursday, hitting C$49.83. The stock had a trading volume of 521,343 shares, compared to its average volume of 2,216,890. The stock has a market capitalization of C$31.85 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a 50 day simple moving average of C$46.37 and a 200-day simple moving average of C$45.09. Power Co. of Canada has a 52 week low of C$35.83 and a 52 week high of C$50.79.

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.