Power Co. of Canada (TSE:POW) Price Target Raised to C$104.00

Power Co. of Canada (TSE:POW) had its price objective increased by Desjardins from C$102.00 to C$104.00 in a research report report published on Tuesday,BayStreet reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other analysts have also issued reports about the company. Royal Bank Of Canada boosted their target price on Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. National Bank Financial raised their price objective on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. TD raised their price objective on Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$88.30.

Power Co. of Canada Trading Down 4.5%

TSE:POW opened at C$91.75 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52. The stock has a market capitalization of C$57.59 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 0.57 and a beta of 0.57. The firm has a fifty day simple moving average of C$92.82 and a two-hundred day simple moving average of C$82.21. Power Co. of Canada has a 12 month low of C$62.50 and a 12 month high of C$98.49.

About Power Co. of Canada

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.