Power Co. of Canada (TSE:POW) Stock Passes Above 200-Day Moving Average – Here’s Why

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$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.

Wall Street Analysts Forecast Growth

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

Power Co. of Canada Stock Down 0.0 %

The company has a market cap of C$26.26 billion, a PE ratio of 10.10, a P/E/G ratio of 0.57 and a beta of 1.09. The firm has a 50-day simple moving average of C$41.95 and a two-hundred day simple moving average of C$39.71. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64.

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

Power Co. of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada’s payout ratio is 51.25%.

About Power Co. of Canada

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.