Power Co. of Canada (TSE:POW) Price Target Raised to C$53.00

Power Co. of Canada (TSE:POW) had its price target boosted by Desjardins from C$49.00 to C$53.00 in a research report released on Tuesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the financial services provider’s stock. Desjardins also issued estimates for Power Co. of Canada’s Q4 2024 earnings at $1.65 EPS, FY2024 earnings at $4.78 EPS, FY2025 earnings at $5.25 EPS and FY2026 earnings at $5.70 EPS.

Several other research firms have also recently weighed in on POW. TD Securities lifted their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price target on Power Co. of Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. BMO Capital Markets lifted their price target on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Finally, CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$48.00 to C$55.00 in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.69.

Power Co. of Canada Stock Up 0.5 %

POW opened at C$50.69 on Tuesday. The stock has a market cap of C$32.40 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.57 and a beta of 1.09. The business has a 50 day moving average of C$45.44 and a 200-day moving average of C$44.37. Power Co. of Canada has a 12-month low of C$35.83 and a 12-month high of C$50.79.

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.