Analysts Set Power Co. of Canada (TSE:POW) PT at C$41.78

Shares of Power Co. of Canada (TSE:POW) have earned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$41.78.

POW has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on Power Co. of Canada from C$38.00 to C$41.00 in a report on Friday, March 15th. Desjardins lifted their target price on Power Co. of Canada from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Scotiabank lifted their target price on Power Co. of Canada from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. National Bankshares lifted their target price on Power Co. of Canada from C$39.00 to C$41.00 in a report on Thursday, March 21st. Finally, CIBC lifted their target price on Power Co. of Canada from C$40.00 to C$43.00 and gave the company a “neutral” rating in a report on Thursday, March 21st.

Power Co. of Canada Trading Up 0.6 %

POW opened at C$37.11 on Monday. Power Co. of Canada has a 52 week low of C$32.33 and a 52 week high of C$40.30. The business has a fifty day simple moving average of C$38.21 and a 200-day simple moving average of C$37.33. The firm has a market cap of C$22.09 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.95 and a beta of 1.11. The company has a quick ratio of 107.64, a current ratio of 23.47 and a debt-to-equity ratio of 50.75.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 EPS for the quarter, missing the consensus estimate of C$1.00 by C($0.11). The firm 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, equities analysts expect that Power Co. of Canada will post 4.5349398 earnings per share for the current year.

Power Co. of Canada Increases Dividend

The firm also recently declared 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 represents a $2.25 dividend on an annualized basis and a yield of 6.07%. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Wednesday, March 27th. Power Co. of Canada’s payout ratio is 65.60%.

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.