Power Co. of Canada (TSE:POW) Sets New 52-Week High – Here’s What Happened

Power Co. of Canada (TSE:POW)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$90.77 and last traded at C$90.77, with a volume of 377685 shares trading hands. The stock had previously closed at C$89.74.

Analysts Set New Price Targets

Several equities research analysts have weighed in on POW shares. National Bank Financial upped their price target on Power Co. of Canada from C$77.00 to C$85.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. TD Securities cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce boosted 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 report on Friday, March 20th. Scotia upped their target price on shares of Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 14th. Finally, TD downgraded shares of Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$74.00 to C$84.00 in a research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Power Co. of Canada has a consensus rating of “Hold” and an average target price of C$83.10.

Power Co. of Canada Price Performance

The company has a market capitalization of C$57.19 billion, a PE ratio of 21.81, a P/E/G ratio of 0.57 and a beta of 0.73. The company has a current ratio of 0.87, a quick ratio of 107.64 and a debt-to-equity ratio of 86.98. The stock has a fifty day simple moving average of C$82.67 and a 200-day simple moving average of C$73.92.

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