Royal Bank Of Canada Boosts Power Co. of Canada (TSE:POW) Price Target to C$68.00

Power Co. of Canada (TSE:POW) had its price objective lifted by stock analysts at Royal Bank Of Canada from C$60.00 to C$68.00 in a report issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s target price points to a potential upside of 0.01% from the company’s current price.

POW has been the topic of several other research reports. TD Securities downgraded shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Scotiabank upped their target price on Power Co. of Canada from C$69.00 to C$76.00 in a report on Thursday, November 13th. National Bankshares upped their price target on shares of Power Co. of Canada from C$58.00 to C$64.00 and gave the company a “sector perform” rating in a report on Monday, October 27th. Desjardins increased their price target on shares of Power Co. of Canada from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group increased their price objective on Power Co. of Canada from C$60.00 to C$68.00 in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Power Co. of Canada currently has an average rating of “Hold” and a consensus target price of C$69.50.

Power Co. of Canada Trading Down 0.5%

POW traded down C$0.32 during mid-day trading on Wednesday, hitting C$67.99. 550,788 shares of the stock were exchanged, compared to its average volume of 2,403,072. Power Co. of Canada has a 1-year low of C$41.88 and a 1-year high of C$71.97. The company has a market cap of C$43.31 billion, a PE ratio of 14.34, a PEG ratio of 0.57 and a beta of 0.86. The firm’s fifty day moving average is C$62.55 and its two-hundred day moving average is C$57.04.

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).