Power Co. of Canada (TSE:POW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Power Co. of Canada (TSE:POW) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$59.25.

Several equities analysts have recently commented on POW shares. Jefferies Financial Group downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$57.00 to C$60.00 in a research report on Monday, August 11th. National Bankshares upped their target price on Power Co. of Canada from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 29th. BMO Capital Markets increased their price objective on Power Co. of Canada from C$54.00 to C$58.00 in a research note on Thursday, August 7th. Desjardins upped their target price on Power Co. of Canada from C$55.00 to C$60.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, Royal Bank Of Canada lowered Power Co. of Canada from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$57.00 to C$58.00 in a report on Monday, August 11th.

Power Co. of Canada Stock Performance

TSE POW opened at C$60.14 on Monday. The company has a market capitalization of C$38.57 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.57 and a beta of 0.91. The business’s fifty day moving average is C$57.79 and its 200 day moving average is C$53.77. Power Co. of Canada has a fifty-two week low of C$41.88 and a fifty-two week high of C$60.43.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).