Power Co. of Canada (TSE:POW) Stock Price Passes Above Two Hundred Day Moving Average of $38.77

Power Co. of Canada (TSE:POW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.77 and traded as high as C$41.87. Power Co. of Canada shares last traded at C$41.83, with a volume of 2,540,747 shares changing hands.

Analyst Ratings Changes

POW has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Scotiabank raised their target price 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 upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. CIBC decreased their price objective on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Finally, Desjardins upped their target price on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report 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. Based on data from MarketBeat, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus target price of C$43.28.

Power Co. of Canada Stock Up 1.1 %

The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. The company has a market capitalization of C$24.78 billion, a PE ratio of 9.53, a PEG ratio of 0.95 and a beta of 1.10. The company’s 50 day moving average is C$39.32 and its two-hundred day moving average is C$38.77.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported C$1.17 EPS for the quarter, beating the consensus estimate 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 business had revenue of C$9.91 billion during the quarter. On average, analysts anticipate that Power Co. of Canada will post 4.6693002 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 dividend of $0.563 per share. This represents a $2.25 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada’s dividend payout ratio is presently 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.