Power Co. of Canada (TSE:POW) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$34.78 and last traded at C$34.69, with a volume of 81590 shares traded. The stock had previously closed at C$34.49.
Several analysts recently issued reports on POW shares. TD Securities upped their target price on Power Co. of Canada from C$36.00 to C$38.00 and gave the stock a “buy” rating in a report on Thursday, March 18th. Royal Bank of Canada upped their price objective on Power Co. of Canada from C$34.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Thursday, March 18th. CIBC upped their price objective on Power Co. of Canada from C$37.00 to C$38.00 and gave the company a “strong-buy” rating in a research note on Friday, March 19th. Scotiabank upped their price objective on Power Co. of Canada from C$38.00 to C$38.50 in a research note on Friday, March 19th. Finally, BMO Capital Markets upped their price objective on Power Co. of Canada from C$34.00 to C$35.00 in a research note on Sunday, March 21st. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Power Co. of Canada has a consensus rating of “Buy” and an average price target of C$36.90.
The firm has a market cap of C$23.17 billion and a price-to-earnings ratio of 11.12. The company has a debt-to-equity ratio of 55.62, a current ratio of 17.90 and a quick ratio of 14.97. The stock has a 50-day moving average of C$33.06 and a 200-day moving average of C$30.07.
About Power Co. of Canada (TSE:POW)
Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.
Read More: Pattern Day Trader
Receive News & Ratings for Power Co. of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Co. of Canada and related companies with MarketBeat.com's FREE daily email newsletter.