Power Co. of Canada (TSE:POW) Price Target Increased to C$35.00 by Analysts at Desjardins

Power Co. of Canada (TSE:POW) had its target price lifted by analysts at Desjardins from C$34.00 to C$35.00 in a research report issued on Monday, December 4th. Desjardins’ price target would suggest a potential upside of 8.12% from the stock’s current price.

Several other equities analysts also recently commented on POW. Barclays raised their target price on Power Co. of Canada from C$33.00 to C$35.00 in a research report on Tuesday, November 7th. BMO Capital Markets reiterated an “outperform” rating and issued a C$35.00 price objective on shares of Power Co. of Canada in a research report on Wednesday, November 8th. Finally, Royal Bank of Canada lifted their target price on Power Co. of Canada from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Monday, November 13th.

Shares of Power Co. of Canada (POW) traded up C$0.07 during trading hours on Monday, hitting C$32.37. The stock had a trading volume of 422,200 shares, compared to its average volume of 755,454. The firm has a market cap of $13,410.00, a price-to-earnings ratio of 9.81 and a beta of 0.65. Power Co. of Canada has a one year low of C$28.40 and a one year high of C$33.69.

In related news, insider Stéphane Lemay sold 1,460 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of C$32.96, for a total transaction of C$48,121.60. Also, insider Arnaud Vial sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of C$33.00, for a total value of C$330,000.00. Over the last three months, insiders sold 62,544 shares of company stock valued at $2,016,508.

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About Power Co. of Canada

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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