Power Co. of Canada (TSE:POW - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as C$52.37 and last traded at C$52.24, with a volume of 147991 shares. The stock had previously closed at C$51.73.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on POW shares. BMO Capital Markets lifted their price objective on Power Co. of Canada from C$52.00 to C$54.00 in a report on Thursday, May 22nd. Desjardins lifted their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Cibc World Mkts cut Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Jefferies Financial Group lifted their price objective on Power Co. of Canada from C$55.00 to C$56.00 in a report on Monday, April 21st. Finally, National Bankshares lifted their price objective on Power Co. of Canada from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$54.13.
Check Out Our Latest Research Report on POW
Power Co. of Canada Trading Up 1.7%
The company has a 50 day moving average price of C$50.49 and a 200-day moving average price of C$47.78. The company has a market cap of C$33.63 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.
Power Co. of Canada Company Profile
(
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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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