Power Corporation Of Canada (POW:TSX) Analyst rate as “Buy”, $39.78 target

Analyst Ratings Coverage-Power Corp

  1. TD Securities upgraded their rating to “Buy” from a “Hold” and set a target price of CAD 41 on May 17, 2023. This indicates that TD Securities believes Power Corp’s stock is undervalued and has potential for growth.
  2. Scotia Capital maintained their rating as “Sector Perform” on May 17, 2023, with a target price of CAD 44. This suggests that Scotia Capital believes Power Corp’s performance will align with the overall sector’s performance.
  3. National Bank Financial also maintained their rating as “Sector Perform” on May 17, 2023, but adjusted their target price to CAD 41 from $40. This indicates that National Bank Financial expects Power Corp’s performance to be in line with the sector, but at a slightly lower valuation.
  4. Morningstar maintained their rating as “Buy”, upgraded from a “Hold” on May 17, 2023, with a target price of CAD 41.5. This implies that Morningstar believes Power Corp’s stock is worth buying and anticipates its price to increase.
  5. BMO Capital Markets did not provide a specific rating but lowered their target price to CAD 39 on May 17, 2023. This suggests that BMO Capital Markets expects a decrease in Power Corp’s stock price.

POW:CA Ratings by Stock Target Advisor

POW Stock Forecast & Analysis

According to the analysis of 11 analysts, the average target price for Power Corporation Of Canada stock is CAD 39.78 over the next 12 months. This suggests that, on average, analysts expect the stock to increase in value.

The average analyst rating for Power Corporation Of Canada is “Buy,” indicating a generally positive outlook among analysts regarding the stock.

Stock Target Advisor’s analysis of Power Corporation Of Canada indicates a slightly bearish sentiment, which means they have identified more negative signals than positive ones. It is important to note that this analysis is based on 5 positive signals and 9 negative signals specific to Stock Target Advisor’s methodology.

At the last closing, Power Corporation Of Canada’s stock price was CAD 35.28. This means that the stock has experienced a decline of 2.27% over the past week. However, it has shown a slight increase of 0.31% over the past month and a 1.79% increase over the last year.

 

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