Power Co. of Canada (TSE:POW) had its price objective reduced by stock analysts at CIBC from C$34.00 to C$33.00 in a research note issued to investors on Wednesday. CIBC’s price objective would suggest a potential upside of 8.55% from the company’s current price.
A number of other research firms have also recently commented on POW. Barclays lifted their target price on shares of Power Co. of Canada from C$33.00 to C$35.00 in a research note on Tuesday, November 7th. BMO Capital Markets reiterated an “outperform” rating and issued a C$35.00 target price on shares of Power Co. of Canada in a research note on Wednesday, November 8th. Desjardins lifted their target price on shares of Power Co. of Canada from C$34.00 to C$35.00 in a research note on Monday, December 4th. Finally, Royal Bank of Canada raised their price target on shares of Power Co. of Canada from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Monday, November 13th.
Power Co. of Canada (POW) traded up C$0.13 during mid-day trading on Wednesday, reaching C$30.40. 291,549 shares of the company were exchanged, compared to its average volume of 677,633. The firm has a market cap of $12,630.00, a PE ratio of 9.22 and a beta of 0.58. Power Co. of Canada has a one year low of C$28.40 and a one year high of C$33.69.
TRADEMARK VIOLATION WARNING: “CIBC Cuts Power Co. of Canada (POW) Price Target to C$33.00” was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3228337/cibc-cuts-power-co-of-canada-pow-price-target-to-c33-00.html.
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).
Receive News & Ratings for Power Co. of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Co. of Canada and related companies with MarketBeat.com's FREE daily email newsletter.