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

Power Co. of Canada (TSE:POW) has been given a consensus rating of “Moderate Buy” by the seven analysts 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 given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$43.28.

Several research analysts have recently issued reports on POW shares. Royal Bank of Canada raised their price objective on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Scotiabank lifted their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Jefferies Financial Group reduced their price target on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. CIBC reduced their price target on Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Finally, TD Securities upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Power Co. of Canada Trading Up 0.5 %

Shares of TSE:POW opened at C$43.11 on Thursday. Power Co. of Canada has a 52-week low of C$32.33 and a 52-week high of C$43.23. The stock has a market cap of C$25.54 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.95 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. The business has a 50-day moving average price of C$40.06 and a 200-day moving average price of C$39.02.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.12 by C$0.05. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The firm had revenue of C$9.91 billion during the quarter. Equities analysts predict that Power Co. of Canada will post 4.9731622 EPS for the current year.

Power Co. of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada’s dividend payout ratio 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.