Power Co. of Canada (TSE:POW) Reaches New 12-Month High – Here’s What Happened

Power Co. of Canada (TSE:POW) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$51.75 and last traded at C$51.72, with a volume of 355487 shares changing hands. The stock had previously closed at C$50.88.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Cfra Research raised shares of Power Co. of Canada to a “hold” rating in a report on Thursday, March 20th. TD Securities lifted their price target on Power Co. of Canada from C$53.00 to C$54.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. CIBC raised Power Co. of Canada from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$48.00 to C$55.00 in a report on Friday, February 7th. BMO Capital Markets lifted their target price on Power Co. of Canada from C$49.00 to C$52.00 in a report on Friday, March 14th. Finally, Desjardins upped their target price on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$54.13.

Power Co. of Canada Stock Up 1.1 %

The firm has a market capitalization of C$32.88 billion, a PE ratio of 14.52, a PEG ratio of 0.57 and a beta of 1.09. The firm’s fifty day simple moving average is C$47.64 and its 200-day simple moving average is C$45.66.

About Power Co. of Canada

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.