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

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on POW. National Bankshares upped their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$48.00 to C$55.00 in a research report on Friday. BMO Capital Markets boosted their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. Finally, TD Securities increased their price target on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$47.81.

Power Co. of Canada Stock Down 0.7 %

The stock has a fifty day moving average price of C$44.75. The firm has a market cap of C$28.14 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.57 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The company had revenue of C$5.29 billion for the quarter. On average, equities research analysts anticipate 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 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.