Power Co. of Canada (TSE:POW) Receives C$43.28 Average Price Target from Analysts

Power Co. of Canada (TSE:POW) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$43.28.

POW has been the topic of a number of research analyst reports. TD Securities upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Desjardins raised their price target on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, August 12th. CIBC cut their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Jefferies Financial Group cut their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Finally, Scotiabank lifted 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.

Power Co. of Canada Trading Down 0.6 %

POW opened at C$42.62 on Thursday. The company’s 50 day moving average is C$39.87 and its 200-day moving average is C$38.95. Power Co. of Canada has a 1-year low of C$32.33 and a 1-year high of C$43.23. 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 company has a market cap of C$25.25 billion, a P/E ratio of 9.71, a PEG ratio of 0.95 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.05. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The company had revenue of C$9.91 billion for the quarter. Equities research analysts predict that Power Co. of Canada will post 4.9738407 earnings per share for the current fiscal year.

Power Co. of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued 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 5.28%. Power Co. of Canada’s payout ratio is 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.