Analysts Set Power Co. of Canada (TSE:POW) Price Target at C$42.70

Shares of Power Co. of Canada (TSE:POW) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$43.00.

A number of equities analysts have weighed in on the stock. National Bankshares raised their target price on shares of Power Co. of Canada from C$41.00 to C$42.00 in a research note on Thursday, May 9th. TD Securities raised their target price on shares of Power Co. of Canada from C$42.00 to C$44.00 in a research note on Friday, May 10th. 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. Desjardins raised their target price on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Scotiabank raised shares of Power Co. of Canada from a “sector perform” rating to an “outperform” rating and set a C$47.00 target price for the company in a research note on Thursday.

Power Co. of Canada Price Performance

POW stock opened at C$40.24 on Friday. Power Co. of Canada has a 1 year low of C$32.33 and a 1 year high of C$40.59. The company has a market cap of C$23.95 billion, a P/E ratio of 9.81, a PEG ratio of 0.95 and a beta of 1.10. The firm has a 50-day moving average of C$38.01 and a 200 day moving average of C$37.99. The company has a debt-to-equity ratio of 48.88, a current ratio of 90.10 and a quick ratio of 107.64.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). Power Co. of Canada had a return on equity of 10.37% and a net margin of 7.84%. The company had revenue of C$21.37 billion during the quarter. On average, sell-side analysts forecast that Power Co. of Canada will post 4.5839161 EPS for the current year.

Power Co. of Canada Announces Dividend

The business 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 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend is Friday, June 28th. Power Co. of Canada’s dividend payout ratio is currently 54.88%.

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.