Power Co. of Canada (TSE:POW) Reaches New 12-Month High – What’s Next?

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

Analyst Upgrades and Downgrades

POW has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. National Bankshares upped their target price 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. 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 research report on Monday, August 12th. Finally, Jefferies Financial Group reduced their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus price target of C$44.61.

Power Co. of Canada Stock Performance

The firm has a market cap 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 stock has a 50-day moving average price of C$43.42 and a 200 day moving average price of C$40.42. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64.

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.