Power Co. of Canada (TSE:POW) Reaches New 1-Year High - What's Next?

Power Co. of Canada (TSE:POW - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$44.67 and last traded at C$44.67, with a volume of 112874 shares. The stock had previously closed at C$44.15.

Analyst Ratings Changes

A number of brokerages recently commented on POW. Royal Bank of Canada lifted their price objective on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a "sector perform" rating in a research note on Monday, August 12th. Jefferies Financial Group decreased their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Desjardins lifted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Scotiabank lifted their target price on Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. Finally, CIBC reduced their target price on Power Co. of Canada from C$43.00 to C$40.00 in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$43.28.

Power Co. of Canada Trading Up 1.3 %

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 business has a 50-day moving average of C$42.08 and a 200-day moving average of C$39.77. The firm has a market cap of C$26.51 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW - Get Free Report) last released its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.12 by C$0.05. The business had revenue of C$9.91 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. Research analysts anticipate that Power Co. of Canada will post 4.9831081 EPS for the current year.

Power Co. of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada's dividend payout ratio (DPR) is presently 51.25%.

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.