Power Co. of Canada (TSE:POW) Hits New 52-Week High - What's Next?

Power Co. of Canada (TSE:POW - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as C$54.24 and last traded at C$54.16, with a volume of 304342 shares changing hands. The stock had previously closed at C$53.44.

Wall Street Analyst Weigh In

POW has been the topic of several analyst reports. Cibc World Mkts downgraded Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Royal Bank Of Canada raised Power Co. of Canada to a "moderate buy" rating and set a C$57.00 price target on the stock in a research report on Wednesday, June 18th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$52.00 to C$54.00 in a research report on Thursday, May 22nd. Scotiabank lowered their price objective on Power Co. of Canada from C$61.00 to C$57.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Finally, CIBC cut Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price objective on the stock. in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Power Co. of Canada has a consensus rating of "Moderate Buy" and an average price target of C$55.38.

Power Co. of Canada Stock Performance

The company has a market cap of C$34.85 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The stock's fifty day simple moving average is C$52.20 and its two-hundred day simple moving average is C$49.43.

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.