Power Co. of Canada (TSE:POW) Reaches New 12-Month High at $42.70

Power Co. of Canada (TSE:POW) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$42.70 and last traded at C$42.51, with a volume of 7425473 shares trading hands. The stock had previously closed at C$42.35.

Analysts Set New Price Targets

Several equities analysts recently commented on POW shares. Royal Bank of Canada boosted their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Jefferies Financial Group reduced their price objective on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Scotiabank boosted their price objective on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Desjardins boosted their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Power Co. of Canada has an average rating of “Moderate Buy” and an average price target of C$43.28.

Power Co. of Canada Stock Up 0.4 %

The company has a market cap of C$25.18 billion, a PE ratio of 9.68, a PEG ratio of 0.95 and a beta of 1.09. The stock’s 50 day moving average price is C$39.66 and its 200-day moving average price is C$38.87. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$1.17 EPS for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.05. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The company had revenue of C$9.91 billion during the quarter. On average, analysts predict that Power Co. of Canada will post 4.9738407 earnings per share for the current year.

Power Co. of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a $0.563 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.25 annualized dividend and a yield of 5.30%. Power Co. of Canada’s dividend payout ratio (DPR) is presently 51.25%.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.