Power Co. of Canada (TSE:POW)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$32.79 and last traded at C$32.09, with a volume of 319927 shares changing hands. The stock had previously closed at C$32.15.
A number of brokerages have weighed in on POW. CIBC downgraded shares of Power Co. of Canada from a “neutral” rating to an “underperform” rating and increased their price target for the company from C$31.00 to C$33.00 in a report on Monday, November 11th. BMO Capital Markets increased their price target on shares of Power Co. of Canada from C$33.00 to C$35.00 in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$32.67.
The company has a debt-to-equity ratio of 48.12, a current ratio of 23.01 and a quick ratio of 18.82. The company has a market capitalization of $12.20 billion and a P/E ratio of 12.43. The stock’s 50 day simple moving average is C$31.42 and its two-hundred day simple moving average is C$29.18.
Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.
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