Power Co. of Canada (TSE:POW) Reaches New 12-Month High - Still a Buy?

Power Co. of Canada (TSE:POW - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$49.73 and last traded at C$49.67, with a volume of 36434 shares changing hands. The stock had previously closed at C$49.10.

Analyst Ratings Changes

A number of research analysts have commented on POW shares. BMO Capital Markets upped their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. CIBC upgraded shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and boosted their target price for the company from C$48.00 to C$55.00 in a research report on Friday, February 7th. TD Securities increased their price target on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on shares of Power Co. of Canada from C$52.00 to C$54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Cibc World Mkts raised Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$50.69.

Power Co. of Canada Stock Up 0.5 %

The stock has a market capitalization of C$32.40 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The stock has a 50 day moving average price of C$45.44 and a 200 day moving average price of C$44.37.

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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.