Power Co. of Canada (TSE:POW – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$93.07 and last traded at C$91.44, with a volume of 2952372 shares. The stock had previously closed at C$91.87.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on POW shares. BMO Capital Markets raised their price objective 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 research report on Tuesday, May 12th. Jefferies Financial Group raised their price target on shares of Power Co. of Canada from C$73.00 to C$90.00 in a report on Thursday, May 14th. TD cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$74.00 to C$84.00 in a research report on Thursday, May 14th. Royal Bank Of Canada upped their price objective on Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Scotia increased 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. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Power Co. of Canada has an average rating of “Hold” and a consensus target price of C$83.20.
Read Our Latest Report on Power Co. of Canada
Power Co. of Canada Price Performance
Power Co. of Canada (TSE:POW – Get Free Report) last issued its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 earnings per share (EPS) for the quarter. Power Co. of Canada had a net margin of 7.93% and a return on equity of 11.34%. The company had revenue of C$10.96 billion for the quarter. Sell-side analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.
About Power Co. of Canada
Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.
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