Power Co. of Canada (TSE:POW) Sets New 12-Month High – Here’s What Happened

Power Co. of Canada (TSE:POW)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$92.00 and last traded at C$91.79, with a volume of 338716 shares. The stock had previously closed at C$90.17.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on POW. TD cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating and upped their target price for the company from C$74.00 to C$84.00 in a report on Thursday, May 14th. Jefferies Financial Group lifted their price target on Power Co. of Canada from C$73.00 to C$90.00 in a report on Thursday, May 14th. TD Securities downgraded Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. BMO Capital Markets upped their price objective on Power Co. of Canada from C$69.00 to C$79.00 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Finally, Scotia lifted their target price on 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. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Power Co. of Canada has a consensus rating of “Hold” and an average price target of C$83.20.

Power Co. of Canada Price Performance

The stock has a market capitalization of C$57.84 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 0.57 and a beta of 0.73. The company’s 50-day simple moving average is C$85.45 and its 200-day simple moving average is C$75.05. The company has a debt-to-equity ratio of 86.98, a current ratio of 0.87 and a quick ratio of 107.64.

Power Co. of Canada (TSE:POW) last posted its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. The company had revenue of C$10.96 billion for the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%. Research 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 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.