Power Co. of Canada (TSE:POW) Given New C$54.00 Price Target at TD Securities

Power Co. of Canada (TSE:POW) had its target price lifted by TD Securities from C$53.00 to C$54.00 in a report released on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the financial services provider’s stock.

POW has been the topic of a number of other reports. Jefferies Financial Group lifted their price target on shares of 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. Cibc World Mkts upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. CIBC upgraded shares of 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 report on Friday, February 7th. BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. Finally, Desjardins lifted their price objective 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 note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Power Co. of Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$52.31.

Power Co. of Canada Stock Performance

Shares of TSE POW opened at C$50.29 on Thursday. The company has a market cap of C$32.14 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.57 and a beta of 1.09. The firm’s fifty day moving average is C$46.51 and its two-hundred day moving average is C$45.16. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$50.79.

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.