Power Co. of Canada (TSE:POW) Sets New 1-Year High – Here’s What Happened

Power Co. of Canada (TSE:POW) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$47.23 and last traded at C$47.20, with a volume of 66775 shares changing hands. The stock had previously closed at C$46.94.

Analyst Upgrades and Downgrades

POW has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price objective on shares of Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. TD Securities raised their target price 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 note on Thursday, November 14th. BMO Capital Markets raised their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Royal Bank of Canada raised their target price on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Finally, CIBC raised their target price on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.31.

Power Co. of Canada Stock Performance

The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The stock’s 50-day simple moving average is C$44.46 and its 200 day simple moving average is C$41.13. The stock has a market capitalization of C$27.87 billion, a P/E ratio of 10.72, a PEG ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The company had revenue of C$5.29 billion for the quarter. Research analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current fiscal 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.