Power Co. of Canada (TSE:POW) Hits New 52-Week High – Time to Buy?

Power Co. of Canada (TSE:POW)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$72.49 and last traded at C$72.33, with a volume of 556054 shares. The stock had previously closed at C$70.75.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. CIBC set a C$75.00 price target on Power Co. of Canada and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Scotiabank lifted their target price on shares of Power Co. of Canada from C$69.00 to C$76.00 in a report on Thursday, November 13th. TD Securities downgraded shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Royal Bank Of Canada raised their price target on shares of Power Co. of Canada from C$60.00 to C$68.00 in a research report on Wednesday, November 19th. Finally, BMO Capital Markets upped their price objective on shares of Power Co. of Canada from C$60.00 to C$71.00 in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$69.50.

Power Co. of Canada Trading Up 1.8%

The firm’s fifty day moving average is C$63.39 and its 200 day moving average is C$57.56. The company has a market cap of C$45.89 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 0.57 and a beta of 0.86.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$1.35 earnings per share (EPS) for the quarter. Power Co. of Canada had a net margin of 4.45% and a return on equity of 10.06%. As a group, sell-side analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

About Power Co. of Canada

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).