Desjardins Increases Power Co. of Canada (POW) Price Target to C$35.00

Power Co. of Canada (TSE:POW) had its price objective raised by investment analysts at Desjardins from C$34.00 to C$35.00 in a report issued on Monday. Desjardins’ price objective suggests a potential upside of 7.43% from the company’s current price.

POW has been the topic of several other reports. Royal Bank Of Canada increased their price target on Power Co. of Canada from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a report on Monday, November 13th. BMO Capital Markets reissued an “outperform” rating and set a C$35.00 price target on shares of Power Co. of Canada in a report on Wednesday, November 8th. Finally, Barclays increased their price target on Power Co. of Canada from C$33.00 to C$35.00 in a report on Tuesday, November 7th.

Power Co. of Canada (TSE POW) opened at C$32.58 on Monday. Power Co. of Canada has a twelve month low of C$28.40 and a twelve month high of C$33.69.

In related news, insider Stéphane Lemay sold 25,975 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$31.90, for a total value of C$828,602.50. Over the last ninety days, insiders sold 50,044 shares of company stock worth $1,604,508.

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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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