Shares of Power Co. of Canada (TSE:POW – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$43.28.
Several research analysts recently weighed in on POW shares. Scotiabank upped their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Desjardins upped their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, August 12th. TD Securities upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Jefferies Financial Group dropped their price objective on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Finally, CIBC decreased their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th.
View Our Latest Research Report on POW
Power Co. of Canada Stock Down 0.0 %
Power Co. of Canada (TSE:POW – Get Free Report) last issued its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.05. The business had revenue of C$9.91 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. On average, equities analysts predict that Power Co. of Canada will post 4.9738407 EPS for the current fiscal year.
Power Co. of Canada Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Friday, September 27th. Power Co. of Canada’s payout ratio is 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.
Read More
- Five stocks we like better than Power Co. of Canada
- The How and Why of Investing in Gold Stocks
- How Much Can You Make in Stocks in One Month?
- How is Compound Interest Calculated?
- This Is the Top Large-Cap Stock Insiders Are Buying
- With Risk Tolerance, One Size Does Not Fit All
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for Power Co. of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Co. of Canada and related companies with MarketBeat.com's FREE daily email newsletter.