Power Co. of Canada (TSE:POW - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as C$53.55 and last traded at C$53.47, with a volume of 87870 shares trading hands. The stock had previously closed at C$52.93.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on POW shares. Cfra Research raised Power Co. of Canada to a "hold" rating in a report on Thursday, March 20th. Scotiabank cut their price target on shares of Power Co. of Canada from C$61.00 to C$57.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Jefferies Financial Group raised their price objective on shares of Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st. TD Securities upped their target price on shares of Power Co. of Canada from C$54.00 to C$56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Desjardins lifted their price target 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 Tuesday, March 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Power Co. of Canada presently has a consensus rating of "Moderate Buy" and a consensus target price of C$55.38.
View Our Latest Analysis on Power Co. of Canada
Power Co. of Canada Stock Performance
The business has a fifty day simple moving average of C$51.49 and a 200 day simple moving average of C$48.53. The stock has a market cap of C$34.21 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 0.57 and a beta of 1.09.
Power Co. of Canada Company Profile
(
Get Free Report)
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.
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