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

Shares of Power Co. of Canada (TSE:POW – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$80.95 and last traded at C$80.85, with a volume of 150106 shares changing hands. The stock had previously closed at C$79.76.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Scotia increased their target price on shares of Power Co. of Canada from C$79.00 to C$90.00 and gave the company a “sector outperform” rating in a report on Thursday, May 14th. TD Securities lowered shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. TD lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating and increased their target price for the company from C$74.00 to C$84.00 in a report on Thursday, May 14th. Finally, Desjardins increased their target price on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$83.10.

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View Our Latest Analysis on POW

Power Co. of Canada Price Performance

The business’s 50 day moving average price is C$71.09 and its two-hundred day moving average price is C$70.17. The stock has a market cap of C$51.01 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 0.57 and a beta of 0.71. The company has a current ratio of 1.44, a quick ratio of 107.64 and a debt-to-equity ratio of 105.91.

Power Co. of Canada (TSE:POW – Get Free Report) last announced its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share for the quarter. The firm had revenue of C$10.96 billion for the quarter. Power Co. of Canada had a net margin of 6.98% and a return on equity of 10.81%. As a group, sell-side analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

(Get Free Report)

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.

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