Shares of Power Co. of Canada (TSE:POW – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. 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 on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$43.28.
Several brokerages recently commented on POW. CIBC cut their price objective on Power Co. of Canada from C$43.00 to C$40.00 in a report on Friday, August 9th. Scotiabank lifted their price objective on Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. Desjardins lifted 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 report on Monday, August 12th. TD Securities raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group lowered their target price on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd.
Check Out Our Latest Report on Power Co. of Canada
Power Co. of Canada Stock Performance
Power Co. of Canada Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be given a dividend of $0.563 per share. The ex-dividend date is Friday, September 27th. This represents a $2.25 annualized dividend and a yield of 5.69%. Power Co. of Canada’s dividend payout ratio (DPR) 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.
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