Power Co. of Canada (TSE:POW) Share Price Crosses Above 200-Day Moving Average of $29.03

Power Co. of Canada (TSE:POW) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.03 and traded as high as $30.27. Power Co. of Canada shares last traded at $30.26, with a volume of 527,261 shares changing hands.

Separately, CIBC cut their target price on shares of Power Co. of Canada from C$34.00 to C$31.00 in a research report on Wednesday, August 7th.

The firm’s 50-day moving average is C$27.83 and its 200-day moving average is C$29.03. The company has a market capitalization of $11.28 billion and a PE ratio of 13.93. The company has a quick ratio of 18.22, a current ratio of 22.24 and a debt-to-equity ratio of 48.90.

Power Co. of Canada (TSE:POW) last announced its earnings results on Friday, August 2nd. The financial services provider reported C$0.86 earnings per share (EPS) for the quarter. The company had revenue of C$3.82 billion during the quarter. As a group, equities research analysts predict that Power Co. of Canada will post 3.4000004 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be given a $0.405 dividend. The ex-dividend date of this dividend is Friday, September 6th. This is a positive change from Power Co. of Canada’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a yield of 5.41%. Power Co. of Canada’s payout ratio is 72.11%.

Power Co. of Canada Company Profile (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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