Analysts Set Power Co. of Canada (TSE:POW) Price Target at C$43.00

Shares of Power Co. of Canada (TSE:POWGet Free Report) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$43.00.

A number of research firms have commented on POW. BMO Capital Markets raised 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 research note on Tuesday, May 7th. CIBC raised their target price on shares of Power Co. of Canada from C$40.00 to C$43.00 in a research note on Thursday, May 9th. Jefferies Financial Group raised their target price on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Royal Bank of Canada raised their target price on shares of Power Co. of Canada from C$45.00 to C$46.00 in a research note on Thursday, May 9th. Finally, National Bankshares lifted their price objective on shares of Power Co. of Canada from C$41.00 to C$42.00 in a research report on Thursday, May 9th.

Get Our Latest Report on POW

Power Co. of Canada Stock Performance

POW opened at C$38.45 on Tuesday. The company has a current ratio of 90.10, a quick ratio of 107.64 and a debt-to-equity ratio of 48.88. The company has a market cap of C$22.88 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 0.95 and a beta of 1.10. The company’s 50 day moving average is C$38.39 and its 200 day moving average is C$38.40. Power Co. of Canada has a 12-month low of C$32.33 and a 12-month high of C$40.59.

Power Co. of Canada (TSE:POWGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported C$1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.09 by C$0.03. The company had revenue of C$2.73 billion for the quarter. Power Co. of Canada had a net margin of 7.84% and a return on equity of 10.37%. On average, equities research analysts predict that Power Co. of Canada will post 4.5839161 EPS for the current year.

Power Co. of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, June 28th will be issued a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date is Friday, June 28th. Power Co. of Canada’s dividend payout ratio (DPR) 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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