Power Co. of Canada (TSE:POW – Get Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$87.47 and last traded at C$87.29, with a volume of 66505 shares changing hands. The stock had previously closed at C$86.62.
Wall Street Analysts Forecast Growth
POW has been the subject of several recent analyst reports. Scotiabank lifted their price objective on shares of Power Co. of Canada from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. National Bank Financial lifted their price objective on shares of Power Co. of Canada from C$77.00 to C$85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Jefferies Financial Group lifted their price objective on shares of Power Co. of Canada from C$73.00 to C$90.00 in a research note on Thursday, May 14th. TD lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$74.00 to C$84.00 in a research note on Thursday, May 14th. Finally, Desjardins lifted their price objective on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Power Co. of Canada currently has an average rating of “Hold” and an average price target of C$83.10.
Check Out Our Latest Stock Analysis on Power Co. of Canada
Power Co. of Canada Stock Up 0.6%
Power Co. of Canada (TSE:POW – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. The company 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%. On average, equities analysts anticipate that Power Co. of Canada will post 4.9289678 EPS 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.
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