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

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

Analysts Set New Price Targets

POW has been the topic of several research analyst reports. Desjardins lifted their price target on shares of 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. TD Securities lowered Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted their target price on Power Co. of Canada from C$73.00 to C$86.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. National Bank Financial upped their target price on Power Co. of Canada from C$77.00 to C$85.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets lifted their price target on Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$83.10.

Power Co. of Canada Stock 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$57.19 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.57 and a beta of 0.73. The stock’s 50 day moving average is C$82.67 and its two-hundred day moving average is C$73.92.

Power Co. of Canada (TSE:POW) last announced its earnings results 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 during the quarter. Analysts anticipate that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

About Power Co. of Canada

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.