Power Co. of Canada (TSE:POW) had its target price upped by Scotiabank from C$38.50 to C$40.00 in a research note published on Monday morning, BayStreet.CA reports.
POW has been the topic of a number of other reports. TD Securities lifted their price target on Power Co. of Canada from C$36.00 to C$38.00 and gave the company a buy rating in a report on Thursday, March 18th. National Bank Financial reissued a sector perform overweight rating and issued a C$38.00 price objective on shares of Power Co. of Canada in a research report on Friday, April 30th. BMO Capital Markets raised their price objective on Power Co. of Canada from C$34.00 to C$35.00 in a research report on Sunday, March 21st. CIBC raised their price objective on Power Co. of Canada from C$38.00 to C$40.00 and gave the stock an outperform rating in a research report on Monday, April 26th. Finally, National Bankshares set a C$38.00 price objective on Power Co. of Canada and gave the stock an outperform rating in a research report on Friday, April 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$37.86.
TSE POW opened at C$36.43 on Monday. The firm has a market cap of C$24.65 billion and a price-to-earnings ratio of 11.83. The company has a quick ratio of 14.97, a current ratio of 17.90 and a debt-to-equity ratio of 55.62. The business has a 50-day moving average price of C$34.00 and a 200-day moving average price of C$30.66. Power Co. of Canada has a twelve month low of C$18.79 and a twelve month high of C$36.70.
About Power Co. of Canada
Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.
See Also: Recession
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