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

Shares of Power Co. of Canada (TSE:POW) hit a new 52-week high during trading on Monday . The stock traded as high as C$90.77 and last traded at C$90.77, with a volume of 377685 shares trading hands. The stock had previously closed at C$89.74.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Securities downgraded shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. BMO Capital Markets lifted their price target on 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 cut Power Co. of Canada from a “buy” rating to a “hold” rating and increased their price objective for the company from C$74.00 to C$84.00 in a research report on Thursday, May 14th. Desjardins boosted their target price on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, National Bank Financial increased their price target on shares of Power Co. of Canada from C$77.00 to C$85.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Four research 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 presently has a consensus rating of “Hold” and an average price target of C$83.10.

Power Co. of Canada Stock Down 2.1%

The business has a 50 day moving average of C$83.41 and a 200 day moving average of C$74.19. The company has a debt-to-equity ratio of 86.98, a current ratio of 0.87 and a quick ratio of 107.64. The firm has a market capitalization of C$56.40 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73.

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