Power Co. of Canada (TSE:POW)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank of Canada in a research note issued on Monday, StockTargetPrices.com reports. They currently have a C$33.00 target price on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 4.93% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. CIBC lifted their price target on shares of Power Co. of Canada from C$33.00 to C$34.00 in a research note on Tuesday, February 14th. Barclays PLC lifted their price target on shares of Power Co. of Canada from C$29.00 to C$32.00 in a research note on Monday, March 20th. Finally, Desjardins lifted their price target on shares of Power Co. of Canada from C$32.00 to C$33.00 in a research note on Thursday, March 2nd.
Shares of Power Co. of Canada (TSE:POW) traded down 0.35% during trading on Monday, hitting $31.34. 468,299 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $31.64 and a 200-day moving average price of $29.87. The stock has a market cap of $14.52 billion and a P/E ratio of 15.64. Power Co. of Canada has a one year low of $26.63 and a one year high of $32.49.
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In related news, insider Stéphane Lemay sold 22,608 shares of Power Co. of Canada stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of C$31.99, for a total transaction of C$723,229.92.
Power Co. of Canada Company Profile
Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc (Lifeco), IGM Financial Inc (IGM) and Pargesa Holding SA (Pargesa).
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