Power Co. of Canada (TSE:POW) Price Target Raised to C$44.00 at Jefferies Financial Group

Power Co. of Canada (TSE:POW) had its price objective boosted by Jefferies Financial Group from C$43.00 to C$44.00 in a report published on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on the company. Desjardins raised their target price on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Scotiabank lifted 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 report on Wednesday, January 31st. TD Securities downgraded shares of Power Co. of Canada from a buy rating to a hold rating and boosted their price target for the company from C$40.00 to C$42.00 in a research note on Friday, March 22nd. BMO Capital Markets raised their price target on Power Co. of Canada from C$38.00 to C$41.00 in a research report on Friday, March 15th. Finally, National Bankshares boosted their price objective on Power Co. of Canada from C$39.00 to C$41.00 in a report on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of C$41.80.

Power Co. of Canada Stock Performance

TSE POW opened at C$38.98 on Tuesday. The company has a debt-to-equity ratio of 50.75, a quick ratio of 107.64 and a current ratio of 23.47. The stock’s fifty day moving average is C$37.91 and its two-hundred day moving average is C$37.53. The firm has a market capitalization of C$23.20 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.95 and a beta of 1.09. Power Co. of Canada has a fifty-two week low of C$32.33 and a fifty-two week high of C$40.30.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share for the quarter, missing the consensus estimate of C$1.00 by C($0.11). Power Co. of Canada had a net margin of 6.89% and a return on equity of 8.94%. The firm had revenue of C$21.37 billion for the quarter. On average, research analysts anticipate that Power Co. of Canada will post 4.5329341 earnings per share for the current year.

Power Co. of Canada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Thursday, March 28th were paid a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.78%. This is a positive change from Power Co. of Canada’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. Power Co. of Canada’s dividend payout ratio is presently 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.