Power Co. of Canada (TSE:POW) Sets New 1-Year High – Here’s What Happened

Power Co. of Canada (TSE:POW)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$50.99 and last traded at C$50.96, with a volume of 1686680 shares trading hands. The stock had previously closed at C$50.20.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Power Co. of Canada from C$54.00 to C$55.00 in a report on Thursday, March 20th. TD Securities upped their price target on Power Co. of Canada from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$48.00 to C$55.00 in a report on Friday, February 7th. Finally, National Bankshares lifted their price target on shares of Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.13.

Power Co. of Canada Trading Up 2.3 %

The stock has a market cap of C$32.82 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.57 and a beta of 1.09. The stock’s 50 day moving average is C$46.81 and its two-hundred day moving average is C$45.32.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.