Power Co. of Canada (TSE:POW) Shares Pass Above Two Hundred Day Moving Average of $39.37

Power Co. of Canada (TSE:POW) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$39.37 and traded as high as C$42.55. Power Co. of Canada shares last traded at C$42.23, with a volume of 2,508,078 shares changing hands.

Several equities research analysts have weighed in on POW shares. Scotiabank upped their target price on Power Co. of Canada from C$47.00 to C$48.00 in a report on Tuesday, August 10th. Barclays boosted their price target on Power Co. of Canada from C$39.00 to C$43.00 and gave the stock a “na” rating in a research report on Thursday, August 5th. TD Securities boosted their price target on Power Co. of Canada from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research report on Monday, August 9th. National Bank Financial boosted their price target on Power Co. of Canada from C$41.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Monday, August 9th. Finally, CIBC boosted their price target on Power Co. of Canada from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Monday, August 9th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$45.13.

The stock has a market cap of C$28.53 billion and a PE ratio of 10.67. The business has a 50 day moving average price of C$42.56 and a 200 day moving average price of C$39.39. The company has a quick ratio of 110.62, a current ratio of 130.01 and a debt-to-equity ratio of 47.76.

Power Co. of Canada (TSE:POW) last announced its earnings results on Friday, August 6th. The financial services provider reported C$1.51 EPS for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.57. The firm had revenue of C$19.32 billion for the quarter. On average, research analysts predict that Power Co. of Canada will post 4.2399998 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 1st. Shareholders of record on Thursday, September 30th will be issued a dividend of $0.447 per share. The ex-dividend date of this dividend is Tuesday, September 28th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 4.24%. Power Co. of Canada’s payout ratio is currently 45.33%.

Power Co. of Canada Company Profile (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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