Power Co. of Canada (TSE:POW) Given New C$53.00 Price Target at Desjardins

Power Co. of Canada (TSE:POW) had its price target increased by Desjardins from C$49.00 to C$53.00 in a research note released on Tuesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the financial services provider’s stock. Desjardins also issued estimates for Power Co. of Canada’s Q4 2024 earnings at $1.65 EPS, FY2024 earnings at $4.78 EPS, FY2025 earnings at $5.25 EPS and FY2026 earnings at $5.70 EPS.

POW has been the topic of several other research reports. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. Jefferies Financial Group raised their price objective on Power Co. of Canada from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets raised their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Finally, TD Securities raised their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, February 13th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$50.69.

Power Co. of Canada Stock Performance

Shares of POW opened at C$50.69 on Tuesday. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$50.79. The business’s fifty day moving average is C$45.44 and its 200-day moving average is C$44.37. The firm has a market cap of C$32.40 billion, a price-to-earnings ratio of 14.31, 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.