Power Co. of Canada (TSE:POW) Reaches New 12-Month High – Here’s Why

Power Co. of Canada (TSE:POW) reached a new 52-week high on Monday . The stock traded as high as C$48.01 and last traded at C$47.59, with a volume of 51156 shares changing hands. The stock had previously closed at C$47.85.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets upped their target price on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. National Bankshares upped their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Cibc World Mkts upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. TD Securities upped their price target on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$48.00 to C$55.00 in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$47.81.

Power Co. of Canada Stock Down 1.1 %

The stock’s 50-day moving average price is C$44.73 and its 200-day moving average price is C$43.30. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The stock has a market cap of C$27.52 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last released its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The firm had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. On average, sell-side analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.