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

Power Co. of Canada (TSE:POW) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$83.87 and last traded at C$82.35, with a volume of 2531761 shares traded. The stock had previously closed at C$83.33.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on POW. Jefferies Financial Group upped their price objective on Power Co. of Canada from C$73.00 to C$90.00 in a research note on Thursday, May 14th. Royal Bank Of Canada upped their price objective on Power Co. of Canada from C$73.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce upped their price objective on Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. Desjardins upped their price objective on Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, TD cut Power Co. of Canada from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$74.00 to C$84.00 in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Power Co. of Canada presently has a consensus rating of “Hold” and a consensus target price of C$83.10.

Power Co. of Canada Stock Down 1.5%

The company has a debt-to-equity ratio of 86.98, a quick ratio of 107.64 and a current ratio of 0.87. The stock has a market capitalization of C$52.10 billion, a PE ratio of 19.88, a PEG ratio of 0.57 and a beta of 0.71. The business has a 50 day moving average of C$75.03 and a two-hundred day moving average of C$71.43.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share for the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%.The firm had revenue of C$10.96 billion during the quarter. Analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current year.

About Power Co. of Canada

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). Power Corp. bought out the remaining shares of Power Financial in February 2020.