Power Co. of Canada (TSE:POW) Sets New 12-Month High – Should You Buy?

Shares of Power Co. of Canada (TSE:POW) hit a new 52-week high on Thursday. The company 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 Ratings Changes

A number of equities research analysts have commented on POW shares. National Bank Financial raised their target price on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Royal Bank Of Canada upped 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. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Finally, TD raised their price objective on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$86.60.

Power Co. of Canada Stock Performance

The company has a debt-to-equity ratio of 87.52, a current ratio of 0.71 and a quick ratio of 107.64. The company has a market capitalization of C$61.57 billion, a PE ratio of 24.16, a P/E/G ratio of 0.57 and a beta of 0.62. The stock has a 50-day simple moving average of C$92.35 and a 200 day simple moving average of C$81.51.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data 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%. Equities analysts anticipate that Power Co. of Canada will post 4.93 EPS for the current fiscal 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.