Power Co. of Canada (TSE:POW) Sets New 52-Week High – What’s Next?

Power Co. of Canada (TSE:POW)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$84.48 and last traded at C$83.86, with a volume of 40919 shares traded. The stock had previously closed at C$83.97.

Analysts Set New Price Targets

A number of research firms have commented on POW. TD Securities downgraded Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. National Bank Financial boosted their price target on 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. Royal Bank Of Canada upped their price target on Power Co. of Canada from C$73.00 to C$86.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Desjardins raised their price objective on Power Co. of Canada from C$81.00 to C$87.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, BMO Capital Markets lifted their price objective 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 report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$83.10.

Power Co. of Canada Stock Performance

The firm has a market cap of C$52.60 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 0.57 and a beta of 0.73. The stock’s fifty day moving average is C$75.71 and its two-hundred day moving average is C$71.63. The company has a debt-to-equity ratio of 86.98, a quick ratio of 107.64 and a current ratio of 0.87.

Power Co. of Canada (TSE:POW) last posted its earnings results on Tuesday, May 12th. The financial services provider reported C$1.43 EPS 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 during the quarter. On average, analysts expect that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal year.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). Power Corp. bought out the remaining shares of Power Financial in February 2020.