Power Co. of Canada (TSE:POW) Reaches New 52-Week High – Should You Buy?

Power Co. of Canada (TSE:POW)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$47.60 and last traded at C$47.47, with a volume of 78031 shares changing hands. The stock had previously closed at C$47.17.

Analyst Ratings Changes

POW has been the subject of several recent analyst reports. CIBC boosted their price objective on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday, November 13th. Royal Bank of Canada increased their price objective on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Desjardins boosted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. TD Securities increased their price target on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, National Bankshares boosted their price target on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.31.

Power Co. of Canada Price Performance

The stock’s 50-day simple moving average is C$44.74 and its two-hundred day simple moving average is C$41.29. The company has a market capitalization of C$27.78 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.57 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The firm had revenue of C$5.29 billion during the quarter. Equities research analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

Power Co. of Canada Company Profile

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.