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

Power Co. of Canada (TSE:POW) hit a new 52-week high on Wednesday . The stock traded as high as C$47.23 and last traded at C$47.20, with a volume of 66775 shares traded. The stock had previously closed at C$46.94.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. National Bankshares increased their price target on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. TD Securities boosted their target price on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. BMO Capital Markets upped their target price on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Royal Bank of Canada boosted their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, CIBC upped their target price on Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$47.31.

Power Co. of Canada Price Performance

The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The stock’s 50 day simple moving average is C$44.35 and its two-hundred day simple moving average is C$41.07. The stock has a market cap of C$27.87 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The firm had revenue of C$5.29 billion for the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. On average, analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

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.