Power Co. of Canada (TSE:POW) Stock Price Passes Above Two Hundred Day Moving Average of $38.18

Shares of Power Co. of Canada (TSE:POWGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$38.18 and traded as high as C$39.52. Power Co. of Canada shares last traded at C$39.21, with a volume of 2,113,156 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on POW. Jefferies Financial Group lifted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. CIBC increased their price objective on shares of Power Co. of Canada from C$40.00 to C$43.00 in a report on Thursday, May 9th. BMO Capital Markets upped their target price on shares of Power Co. of Canada from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. TD Securities increased their price target on Power Co. of Canada from C$42.00 to C$44.00 in a research note on Friday, May 10th. Finally, Desjardins boosted their price target on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Power Co. of Canada currently has an average rating of “Moderate Buy” and an average price target of C$43.00.

Read Our Latest Research Report on Power Co. of Canada

Power Co. of Canada Stock Up 0.1 %

The company has a fifty day moving average of C$38.08 and a two-hundred day moving average of C$38.18. The company has a market cap of C$23.33 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10. The company has a debt-to-equity ratio of 48.88, a quick ratio of 107.64 and a current ratio of 90.10.

Power Co. of Canada (TSE:POWGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported C$1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.09 by C$0.03. The company had revenue of C$2.73 billion during the quarter. Power Co. of Canada had a return on equity of 10.37% and a net margin of 7.84%. As a group, analysts anticipate that Power Co. of Canada will post 4.5839161 earnings per share for the current fiscal year.

Power Co. of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, June 28th will be paid a $0.563 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.25 dividend on an annualized basis and a yield of 5.74%. Power Co. of Canada’s dividend payout ratio is currently 54.88%.

About Power Co. of Canada

(Get Free Report)

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.

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