Power Co. of Canada (TSE:POW) Reaches New 12-Month High – What’s Next?

Power Co. of Canada (TSE:POW)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$92.00 and last traded at C$91.79, with a volume of 338716 shares changing hands. The stock had previously closed at C$90.17.

Wall Street Analyst Weigh In

POW has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price target on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Monday. Jefferies Financial Group upped 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. 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 stock a “market perform” rating in a research report on Tuesday, May 12th. TD Securities lowered shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Scotia lifted 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 research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Hold” and an average price target of C$83.20.

Power Co. of Canada Price Performance

The stock has a 50 day moving average price of C$84.92 and a two-hundred day moving average price of C$74.79. The company has a debt-to-equity ratio of 86.98, a quick ratio of 107.64 and a current ratio of 0.87. The company has a market capitalization of C$57.88 billion, a PE ratio of 22.08, a P/E/G ratio of 0.57 and a beta of 0.73.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS for the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%.The business had revenue of C$10.96 billion during the quarter. Equities analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current 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.