Power Co. of Canada (TSE:POW) Price Target Raised to C$47.00

Power Co. of Canada (TSE:POW) had its price target hoisted by National Bankshares from C$42.00 to C$47.00 in a research report released on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the financial services provider’s stock.

Several other brokerages have also issued reports on POW. Royal Bank of Canada lifted their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Desjardins upped 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 note on Monday, August 12th. CIBC cut their target price on Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th. Finally, Scotiabank boosted their target price on shares of Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. Four investment 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. According to data from MarketBeat, Power Co. of Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$43.83.

Power Co. of Canada Price Performance

Shares of POW stock opened at C$44.37 on Wednesday. Power Co. of Canada has a twelve month low of C$33.90 and a twelve month high of C$44.86. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The stock has a fifty day simple moving average of C$42.68 and a two-hundred day simple moving average of C$40.01. The stock has a market capitalization of C$26.29 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.57 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.05. The company had revenue of C$9.91 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. On average, analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada Announces Dividend

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