Power Co. of Canada (TSE:POW) Shares Pass Above 200 Day Moving Average of $38.43

Power Co. of Canada (TSE:POW) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$38.43 and traded as high as C$39.31. Power Co. of Canada shares last traded at C$39.14, with a volume of 4,179,479 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on POW shares. Royal Bank of Canada lifted their price target on shares of Power Co. of Canada from C$45.00 to C$46.00 in a report on Thursday, May 9th. 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. CIBC lifted their price objective on Power Co. of Canada from C$40.00 to C$43.00 in a report on Thursday, May 9th. National Bankshares upped their price objective on shares of Power Co. of Canada from C$41.00 to C$42.00 in a report on Thursday, May 9th. Finally, Scotiabank upgraded shares of Power Co. of Canada from a “sector perform” rating to an “outperform” rating and set a C$47.00 target price for the company in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$43.00.

Power Co. of Canada Price Performance

The business’s 50-day moving average price is C$38.82 and its 200 day moving average price is C$38.43. The company has a quick ratio of 107.64, a current ratio of 90.10 and a debt-to-equity ratio of 48.88. The company has a market capitalization of C$23.29 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10.

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

Power Co. of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, June 28th will be issued a $0.563 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.25 annualized dividend and a dividend yield of 5.75%. Power Co. of Canada’s payout ratio is currently 54.88%.

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.