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

Power Co. of Canada (TSE:POW) shares reached a new 52-week high during mid-day trading 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.

Analyst Ratings Changes

A number of research firms recently issued reports on POW. BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$48.00 to C$55.00 in a research report on Friday, February 7th. TD Securities increased their price objective on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Cibc World Mkts raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Finally, National Bankshares increased their price objective 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 research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.31.

Power Co. of Canada Stock Up 0.1 %

The company has a 50 day moving average of C$44.81 and a 200-day moving average of C$43.62. The stock has a market capitalization of C$30.72 billion, a P/E ratio of 13.57, a PEG ratio of 0.57 and a beta of 1.09.

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.