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

Shares of Power Co. of Canada (TSE:POW) 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.

Several other brokerages have also recently weighed in on POW. Scotia lifted their price objective on shares of Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 14th. Desjardins increased 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. Jefferies Financial Group raised their target price on shares of Power Co. of Canada from C$73.00 to C$90.00 in a report on Thursday, May 14th. TD downgraded shares of Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their price target for the company from C$74.00 to C$84.00 in a research report on Thursday, May 14th. Finally, TD Securities cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. 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.com, the stock presently has an average rating of “Hold” and a consensus target price of C$84.90.

Power Co. of Canada Stock Up 0.9%

The firm’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 market capitalization of C$58.96 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 0.57 and a beta of 0.73. The company has a current ratio of 0.87, a quick ratio of 107.64 and a debt-to-equity ratio of 86.98.

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 (EPS) for the quarter. The business had revenue of C$10.96 billion for the quarter. Power Co. of Canada had a net margin of 7.93% and a return on equity of 11.34%. On average, sell-side analysts forecast that Power Co. of Canada will post 4.9289678 EPS 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.