Power Co. of Canada (TSE:POW) Reaches New 1-Year High – Here’s Why

Power Co. of Canada (TSE:POW)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$48.01 and last traded at C$47.59, with a volume of 51156 shares trading hands. The stock had previously closed at C$47.85.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on POW shares. National Bankshares boosted their price target on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. CIBC upgraded shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$48.00 to C$55.00 in a research note on Friday. BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. Finally, TD Securities upped their price objective on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.81.

Power Co. of Canada Price Performance

The company has a fifty day simple moving average of C$44.75. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The stock has a market capitalization of C$28.14 billion, a PE ratio of 10.82, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The company had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. On average, research analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.