Power Co. of Canada (TSE:POW) had its price target hoisted by stock analysts at Scotiabank from C$38.50 to C$40.00 in a report released on Monday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 9.80% from the stock’s current price.
Several other equities analysts have also weighed in on POW. TD Securities lifted their target price on shares of 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 reaffirmed a “sector perform overweight” rating and set a C$38.00 price target on shares of Power Co. of Canada in a research note on Friday, April 30th. CIBC lifted their price target on shares of Power Co. of Canada from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Monday, April 26th. National Bankshares set a C$38.00 price target on shares of Power Co. of Canada and gave the stock an “outperform” rating in a research note on Friday, April 30th. Finally, BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$34.00 to C$35.00 in a research note on Sunday, March 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Power Co. of Canada has a consensus rating of “Buy” and an average target price of C$37.86.
TSE:POW opened at C$36.43 on Monday. The company has a current ratio of 17.90, a quick ratio of 14.97 and a debt-to-equity ratio of 55.62. The firm has a market capitalization of C$24.65 billion and a price-to-earnings ratio of 11.83. The firm’s fifty day simple moving average is C$34.00 and its 200 day simple moving average is 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.
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