Power Co. of Canada (TSE:POW) Hits New 1-Year High – What’s Next?

Power Co. of Canada (TSE:POW) reached a new 52-week high during trading on Tuesday . The company traded as high as C$93.07 and last traded at C$91.44, with a volume of 2952372 shares changing hands. The stock had previously closed at C$91.87.

Analysts Set New Price Targets

POW has been the subject of several recent research reports. TD Securities lowered shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. TD downgraded shares of Power Co. of Canada from a “buy” rating to a “hold” rating and increased their price objective for the company from C$74.00 to C$84.00 in a research note on Thursday, May 14th. National Bank Financial lifted their price objective on shares of Power Co. of Canada from C$77.00 to C$85.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Royal Bank Of Canada boosted their price objective 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. Finally, BMO Capital Markets upped their target price on Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$83.20.

Power Co. of Canada Price Performance

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 market cap of C$58.17 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 0.57 and a beta of 0.73. The stock has a 50-day moving average price of C$86.46 and a two-hundred day moving average price of C$75.57.

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 net margin of 7.93% and a return on equity of 11.34%. The business had revenue of C$10.96 billion for the quarter. As a group, equities research analysts forecast that Power Co. of Canada will post 4.9289678 EPS 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.