Brokerages Set Power Co. of Canada (TSE:POW) Target Price at C$41.78

Shares of Power Co. of Canada (TSE:POWGet Free Report) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$41.78.

Several research firms have commented on POW. TD Securities downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and increased their target price for the company from C$40.00 to C$42.00 in a research report on Friday, March 22nd. Scotiabank raised their price target on shares of Power Co. of Canada from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Desjardins lifted their price target on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets increased their price objective on Power Co. of Canada from C$38.00 to C$41.00 in a report on Friday, March 15th. Finally, Royal Bank of Canada raised Power Co. of Canada from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$41.00 to C$45.00 in a research report on Thursday, January 4th.

View Our Latest Stock Analysis on Power Co. of Canada

Power Co. of Canada Price Performance

TSE:POW opened at C$37.88 on Thursday. The stock has a market capitalization of C$22.55 billion, a PE ratio of 11.04, a P/E/G ratio of 0.95 and a beta of 1.11. The firm has a fifty day simple moving average of C$38.89 and a 200 day simple moving average of C$37.23. Power Co. of Canada has a 1-year low of C$32.33 and a 1-year high of C$40.30. The company has a current ratio of 23.47, a quick ratio of 107.64 and a debt-to-equity ratio of 50.75.

Power Co. of Canada (TSE:POWGet Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). The company had revenue of C$21.37 billion for the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. On average, research analysts expect that Power Co. of Canada will post 4.5338882 EPS for the current fiscal year.

Power Co. of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.563 per share. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.53. The ex-dividend date is Wednesday, March 27th. This represents a $2.25 annualized dividend and a yield of 5.95%. Power Co. of Canada’s dividend payout ratio is presently 65.60%.

About Power Co. of Canada

(Get Free Report

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, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; fund and asset management; reinsurance and retrocession; investment advisory, financial planning, and related services; fund products; and protection and wealth management services.

Further Reading

Analyst Recommendations for Power Co. of Canada (TSE:POW)

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