Power Co. of Canada (TSE:POW) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Power Co. of Canada (TSE:POW)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$39.71 and traded as high as C$44.44. Power Co. of Canada shares last traded at C$44.32, with a volume of 973,800 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on POW shares. CIBC dropped their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th. Royal Bank of Canada increased their price objective on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Desjardins raised their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Scotiabank upped their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group decreased their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$43.28.

Power Co. of Canada Stock Down 0.4 %

The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The stock has a market capitalization of C$26.16 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The stock has a fifty day moving average price of C$42.08 and a 200 day moving average price of C$39.76.

Power Co. of Canada (TSE:POW) last posted its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.05. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The business had revenue of C$9.91 billion during the quarter. On average, research analysts forecast that Power Co. of Canada will post 4.9831081 earnings per share for the current year.

Power Co. of Canada Announces Dividend

The company also recently declared 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. This represents a $2.25 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada’s payout ratio is 51.25%.

Power Co. of Canada Company Profile

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.