Power Co. of Canada (TSE:POW) Hits New 12-Month High – Here’s Why

Power Co. of Canada (TSE:POW – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as C$93.92 and last traded at C$93.24, with a volume of 10238 shares. The stock had previously closed at C$92.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on POW shares. Scotia lifted 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 report on Thursday, May 14th. Jefferies Financial Group raised their target price on Power Co. of Canada from C$73.00 to C$90.00 in a research report on Thursday, May 14th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$69.00 to C$79.00 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. TD Securities cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Desjardins upped their price target on Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Power Co. of Canada has a consensus rating of “Hold” and an average target price of C$83.20.

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Power Co. of Canada Stock Down 0.2%

The stock has a market capitalization of C$58.42 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.57 and a beta of 0.73. The firm’s fifty day moving average is C$86.94 and its 200-day moving average is C$75.85. The company has a current ratio of 0.87, a quick ratio of 107.64 and a debt-to-equity ratio of 86.98.

Power Co. of Canada (TSE:POW – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. The firm had revenue of C$10.96 billion for the quarter. Power Co. of Canada had a net margin of 7.93% and a return on equity of 11.34%. As a group, equities research analysts predict that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

Power Co. of Canada Company Profile

(Get Free Report)

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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