Power Co. of Canada (TSE:POW) Sets New 12-Month Low at $32.45

Power Co. of Canada (TSE:POWGet Rating)’s stock price hit a new 52-week low on Friday . The company traded as low as C$32.45 and last traded at C$32.49, with a volume of 659333 shares. The stock had previously closed at C$33.31.

Analyst Ratings Changes

A number of brokerages have weighed in on POW. TD Securities reduced their price target on Power Co. of Canada from C$45.00 to C$41.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. BMO Capital Markets dropped their price objective on Power Co. of Canada from C$39.00 to C$37.00 in a research note on Tuesday, August 9th. Scotiabank dropped their price objective on Power Co. of Canada from C$43.50 to C$41.00 in a research note on Tuesday, August 9th. Finally, National Bankshares dropped their price objective on Power Co. of Canada from C$42.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Power Co. of Canada presently has an average rating of “Hold” and an average price target of C$42.00.

Power Co. of Canada Stock Down 2.6 %

The company has a debt-to-equity ratio of 45.60, a current ratio of 124.43 and a quick ratio of 109.17. The stock has a market capitalization of C$21.68 billion and a P/E ratio of 9.66. The firm has a 50 day moving average of C$34.38 and a 200-day moving average of C$35.73.

Power Co. of Canada (TSE:POWGet Rating) last issued its quarterly earnings results on Friday, August 5th. The financial services provider reported C$0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.92 by C($0.07). The company had revenue of C$16.30 billion during the quarter. On average, equities research analysts expect that Power Co. of Canada will post 4.0700006 earnings per share for the current fiscal year.

About Power Co. of Canada

(Get Rating)

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor 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.

Featured Articles

Receive News & Ratings for Power Co. of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Co. of Canada and related companies with MarketBeat.com's FREE daily email newsletter.