Power Co. of Canada (TSE:POW) Reaches New 52-Week High – Here’s Why

Shares of Power Co. of Canada (TSE:POW) reached a new 52-week high on Monday . The stock traded as high as C$47.16 and last traded at C$47.16, with a volume of 59485 shares trading hands. The stock had previously closed at C$46.57.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on POW shares. Jefferies Financial Group cut their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Desjardins raised their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 12th. National Bankshares upped their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their target price on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.61.

Power Co. of Canada Stock Performance

The stock has a 50 day moving average of C$43.42 and a two-hundred day moving average of C$40.42. The stock has a market capitalization of C$27.77 billion, a PE ratio of 10.68, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64.

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.