Power Co. of Canada (TSE:POW) Reaches New 1-Year High – Time to Buy?

Shares of Power Co. of Canada (TSE:POW) hit a new 52-week high on Thursday. The stock traded as high as C$98.28 and last traded at C$97.53, with a volume of 62,853 shares. The stock had previously closed at C$96.80.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. National Bank Financial raised their target price on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Jefferies Financial Group raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. TD increased their price target on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada increased their price target on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$86.60.

Power Co. of Canada Trading Down 1.5%

The firm’s 50 day simple moving average is C$92.57 and its 200-day simple moving average is C$81.76. The company has a market capitalization of C$60.64 billion, a PE ratio of 23.79, a P/E/G ratio of 0.57 and a beta of 0.62. The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52.

Power Co. of Canada (TSE:POW) last issued its earnings results on Thursday, July 30th. The financial services provider reported C$1.55 EPS for the quarter. The business had revenue of C$11.70 billion for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. As a group, equities research analysts anticipate that Power Co. of Canada will post 4.93 EPS for the current year.

Power Co. of Canada Company Profile

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.