Power Co. of Canada (TSE:POW) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Power Co. of Canada (TSE:POWGet Free Report) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$43.00.

A number of equities research analysts recently commented on the stock. Jefferies Financial Group upped 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 report on Tuesday, May 7th. BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a report on Tuesday, May 7th. National Bankshares boosted their price target on Power Co. of Canada from C$41.00 to C$42.00 in a report on Thursday, May 9th. CIBC increased their price objective on Power Co. of Canada from C$40.00 to C$43.00 in a report on Thursday, May 9th. Finally, Royal Bank of Canada boosted their target price on Power Co. of Canada from C$45.00 to C$46.00 in a research note on Thursday, May 9th.

Get Our Latest Stock Report on POW

Power Co. of Canada Trading Down 0.7 %

TSE POW opened at C$38.20 on Tuesday. The firm has a market cap of C$22.73 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10. Power Co. of Canada has a 1-year low of C$32.33 and a 1-year high of C$40.59. The stock has a 50-day moving average of C$38.40 and a 200-day moving average of C$38.41. The company has a current ratio of 90.10, a quick ratio of 107.64 and a debt-to-equity ratio of 48.88.

Power Co. of Canada (TSE:POWGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported C$1.12 earnings per share for the quarter, beating the consensus estimate of C$1.09 by C$0.03. The firm had revenue of C$2.73 billion during the quarter. Power Co. of Canada had a return on equity of 10.37% and a net margin of 7.84%. As a group, sell-side analysts forecast that Power Co. of Canada will post 4.5839161 EPS for the current year.

Power Co. of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, June 28th will be given a dividend of $0.563 per share. The ex-dividend date is Friday, June 28th. This represents a $2.25 annualized dividend and a dividend yield of 5.90%. Power Co. of Canada’s dividend payout ratio is presently 54.88%.

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

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