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

Shares of Power Co. of Canada (TSE:POW) reached a new 52-week high on Tuesday . The company traded as high as C$48.15 and last traded at C$48.11, with a volume of 82915 shares. The stock had previously closed at C$47.62.

Analysts Set New Price Targets

A number of analysts have weighed in on POW shares. TD Securities raised their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets lifted their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$48.00 to C$55.00 in a report on Friday, February 7th. 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. Finally, National Bankshares lifted their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$48.31.

Power Co. of Canada Trading Up 0.1 %

The stock’s 50 day moving average price is C$44.81 and its 200 day moving average price is C$43.62. The company has a market cap of C$30.72 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 0.57 and a beta of 1.09.

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.