Power Co. of Canada (TSE:POW – Get Free Report) 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.
Check Out Our Latest Analysis on POW
Power Co. of Canada Price Performance
Power Co. of Canada (TSE:POW – Get Free Report) 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.
Featured Stories
- Five stocks we like better than Power Co. of Canada
- Want to Profit on the Downtrend? Downtrends, Explained.
- Celebrate July 4th with These Red, White, & Blue Chip Stocks
- What Are Trending Stocks? Trending Stocks Explained
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Why Are Stock Sectors Important to Successful Investing?
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
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.