Power Co. of Canada (TSE:POW) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Power Co. of Canada (TSE:POW) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $26.96. Power Co. of Canada shares last traded at $26.91, with a volume of 330,595 shares trading hands.

A number of brokerages have weighed in on POW. TD Securities dropped their price target on shares of Power Co. of Canada from C$33.00 to C$32.00 in a research report on Thursday, May 16th. CIBC dropped their price target on shares of Power Co. of Canada from C$34.00 to C$31.00 in a research report on Wednesday, August 7th.

The company has a quick ratio of 19.60, a current ratio of 20.95 and a debt-to-equity ratio of 46.07. The stock has a market cap of $10.10 billion and a price-to-earnings ratio of 11.88. The business’s fifty day moving average is C$27.95 and its two-hundred day moving average is C$28.88.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Tuesday, May 14th. The financial services provider reported C$0.63 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.75 by C($0.12). The company had revenue of C$17.87 billion for the quarter. As a group, sell-side analysts expect that Power Co. of Canada will post 3.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be issued a $0.405 dividend. The ex-dividend date is Friday, September 6th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.04%. This is a boost from Power Co. of Canada’s previous quarterly dividend of $0.38. Power Co. of Canada’s payout ratio is 68.72%.

About Power Co. of Canada (TSE:POW)

Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.

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