Power Co. of Canada (TSE:POW) Sets New 12-Month High Following Analyst Upgrade

Power Co. of Canada (TSE:POW)’s stock price reached a new 52-week high during trading on Monday after National Bank Financial raised their price target on the stock from C$85.00 to C$102.00. National Bank Financial currently has a sector perform rating on the stock. Power Co. of Canada traded as high as C$93.92 and last traded at C$93.24, with a volume of 10238 shares trading hands. The stock had previously closed at C$92.90.

A number of other analysts have also recently commented on POW. TD cut Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$74.00 to C$84.00 in a research report on Thursday, May 14th. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada increased their target price on Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Scotia increased their price target 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 report on Thursday, May 14th. Finally, Jefferies Financial Group lifted their price objective on Power Co. of Canada from C$73.00 to C$90.00 in a report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$84.90.

Power Co. of Canada Price Performance

The company’s 50 day moving average price is C$87.45 and its 200-day moving average price is C$76.12. The company has a current ratio of 0.87, a quick ratio of 107.64 and a debt-to-equity ratio of 86.98. The company has a market capitalization of C$58.96 billion, a PE ratio of 22.49, a PEG 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. The company had revenue of C$10.96 billion during the quarter. Power Co. of Canada had a return on equity of 11.34% and a net margin of 7.93%. On average, sell-side analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

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.