Power Co. of Canada (TSE:POW) Sets New 1-Year High at $40.74

Shares of Power Co. of Canada (TSE:POW) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$40.74 and last traded at C$40.70, with a volume of 59288 shares traded. The stock had previously closed at C$40.36.

Analyst Upgrades and Downgrades

POW has been the topic of several research analyst reports. BMO Capital Markets lifted their price target on Power Co. of Canada from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. CIBC decreased their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Desjardins lifted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada upped their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, TD Securities raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$43.28.

Power Co. of Canada Stock Performance

The firm has a market capitalization of C$24.06 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.95 and a beta of 1.10. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The firm’s fifty day moving average is C$38.73 and its 200 day moving average is C$38.59.

Power Co. of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be paid a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Friday, September 27th. Power Co. of Canada’s dividend payout ratio (DPR) is currently 51.25%.

Power Co. of Canada Company Profile

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.