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

Shares of Power Co. of Canada (TSE:POW) reached a new 52-week high on Monday . The company traded as high as C$87.47 and last traded at C$87.29, with a volume of 66505 shares trading hands. The stock had previously closed at C$86.62.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on POW. Royal Bank Of Canada lifted their price objective on Power Co. of Canada from C$73.00 to C$86.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. TD cut Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$74.00 to C$84.00 in a research report on Thursday, May 14th. Jefferies Financial Group lifted their price objective on Power Co. of Canada from C$73.00 to C$90.00 in a research report on Thursday, May 14th. Scotia lifted their price objective on Power Co. of Canada from C$79.00 to C$90.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 14th. Finally, TD Securities downgraded Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Power Co. of Canada currently has an average rating of “Hold” and a consensus target price of C$83.10.

Power Co. of Canada Stock Up 0.6%

The firm has a market capitalization of C$54.94 billion, a PE ratio of 20.96, a PEG ratio of 0.57 and a beta of 0.73. The company has a fifty day moving average price of C$77.51 and a 200-day moving average price of C$72.18. The company has a debt-to-equity ratio of 86.98, a quick ratio of 107.64 and a current ratio of 0.87.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. The business 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%. As a group, 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 Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). Power Corp. bought out the remaining shares of Power Financial in February 2020.