Power Co. of Canada (TSE:POW - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as C$51.75 and last traded at C$51.72, with a volume of 355487 shares trading hands. The stock had previously closed at C$50.88.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on POW shares. Jefferies Financial Group lifted their price target on shares of Power Co. of Canada from C$54.00 to C$55.00 in a report on Thursday, March 20th. Scotiabank boosted their target price on Power Co. of Canada from C$56.00 to C$62.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Cibc World Mkts upgraded Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Desjardins boosted 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 research note on Tuesday, March 4th. Finally, TD Securities increased their target price on shares of Power Co. of Canada from C$53.00 to C$54.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.13.
Read Our Latest Report on Power Co. of Canada
Power Co. of Canada Stock Performance
The company's 50 day simple moving average is C$48.31 and its 200-day simple moving average is C$45.94. The firm has a market capitalization of C$32.46 billion, a PE ratio of 14.34, a PEG ratio of 0.57 and a beta of 1.09.
Power Co. of Canada Company Profile
(
Get Free Report)
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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