Power Co. of Canada (TSE:POW) Sets New 1-Year High – Still a Buy?

Power Co. of Canada (TSE:POW)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$51.75 and last traded at C$51.72, with a volume of 355487 shares trading hands. The stock had previously closed at C$50.88.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on POW shares. Cfra Research upgraded Power Co. of Canada to a “hold” rating in a report on Thursday, March 20th. National Bankshares upped their price objective 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 report on Thursday, March 20th. CIBC upgraded 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 upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group boosted their price objective on Power Co. of Canada from C$54.00 to C$55.00 in a report on Thursday, March 20th. Four investment 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$54.13.

Power Co. of Canada Price Performance

The firm has a market cap of C$33.26 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 0.57 and a beta of 1.09. The stock has a 50-day moving average price of C$47.98 and a 200 day moving average price of C$45.78.

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.