Power Co. of Canada (TSE:POW) Hits New 1-Year High - Here's Why

Key Points

• Power Co. of Canada reached a new **52-week high** with shares trading up to **C$56.98** before settling at **C$56.74**.
• Analysts have mixed opinions, with **four** recommending a **buy** and **four** issuing a **hold** rating, resulting in an average rating of **"Moderate Buy"**.
• The company's market capitalization stands at **C$36.18 billion**, with a **price-to-earnings ratio** of **15.98** and a **price-to-earnings-growth ratio** of **0.57**.

Shares of Power Co. of Canada (TSE:POW - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$56.98 and last traded at C$56.74, with a volume of 93841 shares traded. The stock had previously closed at C$55.96.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. CIBC lowered Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price objective for the company. in a research report on Thursday, May 22nd. TD Securities raised their target price on Power Co. of Canada from C$54.00 to C$56.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Jefferies Financial Group raised their target price on Power Co. of Canada from C$55.00 to C$56.00 in a report on Monday, April 21st. National Bankshares raised their target price on Power Co. of Canada from C$55.00 to C$56.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 29th. Finally, Scotiabank raised their target price on Power Co. of Canada from C$57.00 to C$59.00 in a report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$55.75.

Power Co. of Canada Trading Up 0.2%

The stock has a market cap of C$36.38 billion, a P/E ratio of 16.07, a PEG ratio of 0.57 and a beta of 1.09. The company has a 50 day simple moving average of C$53.49 and a 200 day simple moving average of C$50.45.

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.