Power Co. of Canada (TSE:POW) Price Target Raised to C$49.00 at BMO Capital Markets

Power Co. of Canada (TSE:POW) had its price target raised by BMO Capital Markets from C$42.00 to C$49.00 in a research note released on Tuesday,BayStreet.CA reports.

Several other analysts also recently weighed in on the stock. Scotiabank boosted their price objective on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. National Bankshares boosted their price target on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. CIBC dropped their price objective on Power Co. of Canada from C$43.00 to C$40.00 in a report on Friday, August 9th. Royal Bank of Canada boosted their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, Desjardins raised their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus price target of C$44.61.

Power Co. of Canada Price Performance

Shares of TSE POW opened at C$46.87 on Tuesday. The stock’s 50-day simple moving average is C$43.42 and its 200-day simple moving average is C$40.42. The firm has a market capitalization of C$27.77 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a fifty-two week low of C$34.04 and a fifty-two week high of C$47.18. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78.

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.