Power Co. of Canada (TSE:POW) Given New C$54.00 Price Target at Jefferies Financial Group

Power Co. of Canada (TSE:POW) had its price target raised by Jefferies Financial Group from C$52.00 to C$54.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities research analysts have also commented on POW. National Bankshares boosted their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. TD Securities increased their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets lifted their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Finally, CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Power Co. of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$49.56.

Power Co. of Canada Stock Up 0.6 %

Shares of TSE POW opened at C$48.62 on Thursday. The firm has a market cap of C$31.08 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company’s 50-day simple moving average is C$45.02 and its 200-day simple moving average is C$43.92. Power Co. of Canada has a 52-week low of C$35.83 and a 52-week high of C$49.04.

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.