Power Co. of Canada (TSE:POW) Sets New 52-Week High – Time to Buy?

Power Co. of Canada (TSE:POW) shares reached a new 52-week high on Tuesday . The company traded as high as C$48.72 and last traded at C$48.29, with a volume of 33177 shares traded. The stock had previously closed at C$48.10.

Analyst Ratings Changes

POW has been the topic of a number of recent research reports. TD Securities raised their target price on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a report on Thursday, February 13th. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. National Bankshares upped their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. Finally, Cibc World Mkts upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Three 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$48.31.

Power Co. of Canada Trading Down 0.6 %

The company has a fifty day simple moving average of C$44.92. The company has a market capitalization of C$30.57 billion, a PE ratio of 13.51, a P/E/G 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.