Power Co. of Canada (POW) Price Target Cut to C$29.00

Power Co. of Canada (TSE:POW) had its target price cut by stock analysts at Barclays from C$31.00 to C$29.00 in a research note issued to investors on Monday. Barclays’ price objective indicates a potential upside of 5.76% from the stock’s current price.

Several other brokerages also recently issued reports on POW. TD Securities upgraded shares of Power Co. of Canada from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$32.00 to C$34.00 in a research note on Wednesday, August 8th. Royal Bank of Canada lowered their price objective on shares of Power Co. of Canada from C$35.00 to C$34.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 7th.

Shares of Power Co. of Canada stock opened at C$27.42 on Monday. Power Co. of Canada has a 1 year low of C$26.56 and a 1 year high of C$33.69.

About Power Co. of Canada

Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.

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