Power Co. of Canada (TSE:POW) Hits New 52-Week High - Still a Buy?

Power Co. of Canada (TSE:POW - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$48.01 and last traded at C$47.59, with a volume of 51156 shares traded. The stock had previously closed at C$47.85.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets upped their price target on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. CIBC raised shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and upped their target price for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. National Bankshares increased their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Cibc World Mkts raised shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Finally, TD Securities upped their price objective 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 Thursday. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$48.31.

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Power Co. of Canada Stock Up 0.8 %

The stock's fifty day moving average price is C$44.74 and its 200-day moving average price is C$43.33. The company has a market capitalization of C$30.28 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.14 by C($0.32). Power Co. of Canada had a net margin of 4.45% and a return on equity of 10.06%. The business had revenue of C$5.29 billion during the quarter. Analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current year.

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.