Power Co. of Canada (TSE:POW) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Power Co. of Canada (TSE:POW) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. 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. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$51.06.

A number of research analysts have commented on POW shares. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. 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. TD Securities upped their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets upped their price target on Power Co. of Canada from C$49.00 to C$52.00 in a research note on Friday. Finally, Desjardins upped their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th.

Power Co. of Canada Trading Up 1.2 %

Power Co. of Canada stock opened at C$49.53 on Thursday. Power Co. of Canada has a 12-month low of C$35.83 and a 12-month high of C$50.79. The stock has a market cap of C$31.66 billion, a P/E ratio of 13.99, a PEG ratio of 0.57 and a beta of 1.09. The company has a 50-day moving average price of C$46.14 and a 200 day moving average price of C$45.00.

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.