Power Co. of Canada (TSE:POW - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$47.16 and last traded at C$47.16, with a volume of 59485 shares trading hands. The stock had previously closed at C$46.57.
Analyst Ratings Changes
A number of equities research analysts recently commented on POW shares. Jefferies Financial Group lowered their price target on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Royal Bank of Canada increased their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a "sector perform" rating in a research report on Monday, August 12th. Desjardins upped their price objective on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a "buy" rating in a research note on Monday, August 12th. CIBC reduced their price objective on Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th. Finally, TD Securities upgraded Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$43.83.
Read Our Latest Stock Report on Power Co. of Canada
Power Co. of Canada Price Performance
The business has a fifty day moving average of C$43.30 and a 200-day moving average of C$40.37. The firm has a market cap of C$27.60 billion, a PE ratio of 10.61, 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 - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, beating the consensus estimate of C$1.12 by C$0.05. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The firm had revenue of C$9.91 billion for the quarter. As a group, research analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current year.
About Power Co. of Canada
(
Get Free Report)
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.
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