Power Co. of Canada (TSE:POW) Sets New 1-Year High - Time to Buy?

Power Co. of Canada (TSE:POW - Get Free Report) reached a new 52-week high 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 Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Power Co. of Canada to a "moderate buy" rating and set a C$57.00 target price for the company in a research note on Wednesday, June 18th. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$52.00 to C$54.00 in a research report on Thursday, May 22nd. Cibc World Mkts cut shares of Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Scotiabank dropped their target price 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 research report on Thursday, May 22nd. Finally, CIBC cut shares of Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 target price for the company. in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$55.38.

Power Co. of Canada Stock Up 1.6%

The firm has a 50 day moving average of C$52.20 and a 200 day moving average of C$49.39. The firm has a market cap of C$34.71 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.57 and a beta of 1.09.

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.