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

Power Co. of Canada (TSE:POW) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$43.28.

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut their target price on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Desjardins increased their target price on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, August 12th. CIBC lowered their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a report on Friday, August 9th. Royal Bank of Canada upped their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Finally, TD Securities raised 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 Stock Performance

Shares of TSE:POW opened at C$44.20 on Monday. The firm has a fifty day simple moving average of C$40.99 and a two-hundred day simple moving average of C$39.39. Power Co. of Canada has a 52 week low of C$32.33 and a 52 week high of C$44.44. 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 stock has a market capitalization of C$26.19 billion, a P/E ratio of 10.07, a PEG ratio of 0.95 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$1.17 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 company had revenue of C$9.91 billion during the quarter. On average, analysts expect that Power Co. of Canada will post 4.976825 earnings per share for the current fiscal year.

Power Co. of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a $0.563 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.25 annualized dividend and a dividend yield of 5.10%. Power Co. of Canada’s payout ratio is currently 51.25%.

About Power Co. of Canada

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.