Power Co. of Canada (TSE:POW) Hits New 1-Year High at $34.78

Power Co. of Canada (TSE:POW) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$34.78 and last traded at C$34.69, with a volume of 81590 shares traded. The stock had previously closed at C$34.49.

Several analysts recently issued reports on POW shares. TD Securities upped their target price on Power Co. of Canada from C$36.00 to C$38.00 and gave the stock a “buy” rating in a report on Thursday, March 18th. Royal Bank of Canada upped their price objective on Power Co. of Canada from C$34.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Thursday, March 18th. CIBC upped their price objective on Power Co. of Canada from C$37.00 to C$38.00 and gave the company a “strong-buy” rating in a research note on Friday, March 19th. Scotiabank upped their price objective on Power Co. of Canada from C$38.00 to C$38.50 in a research note on Friday, March 19th. Finally, BMO Capital Markets upped their price objective on Power Co. of Canada from C$34.00 to C$35.00 in a research note on Sunday, March 21st. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Power Co. of Canada has a consensus rating of “Buy” and an average price target of C$36.90.

The firm has a market cap of C$23.17 billion and a price-to-earnings ratio of 11.12. The company has a debt-to-equity ratio of 55.62, a current ratio of 17.90 and a quick ratio of 14.97. The stock has a 50-day moving average of C$33.06 and a 200-day moving average of C$30.07.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Wednesday, March 17th. The financial services provider reported C$0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.87 by C$0.06. The company had revenue of C$17.95 billion for the quarter. On average, equities analysts expect that Power Co. of Canada will post 3.6700004 EPS for the current fiscal year.

About Power Co. of Canada (TSE:POW)

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.

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