Scotiabank upgraded shares of Power Co. of Canada (TSE:POW – Free Report) from a sector perform rating to an outperform rating in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have C$47.00 target price on the financial services provider’s stock.
POW has been the topic of several other research reports. BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$41.00 to C$42.00 and gave the stock a market perform rating in a research note on Tuesday, May 7th. Royal Bank of Canada boosted their price target on shares of Power Co. of Canada from C$45.00 to C$46.00 in a report on Thursday, May 9th. National Bankshares lifted their price objective on shares of Power Co. of Canada from C$41.00 to C$42.00 in a report on Thursday, May 9th. CIBC raised their price target on shares of Power Co. of Canada from C$40.00 to C$43.00 in a report on Thursday, May 9th. Finally, Desjardins upped their price target on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Power Co. of Canada has a consensus rating of Moderate Buy and a consensus price target of C$43.00.
View Our Latest Research Report on POW
Power Co. of Canada Stock Performance
Power Co. of Canada (TSE:POW – Get Free Report) 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). 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. As a group, equities analysts anticipate that Power Co. of Canada will post 4.5839161 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 Thursday, August 1st. Shareholders of record on Friday, June 28th will be issued a $0.563 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.25 dividend on an annualized basis and a yield of 5.59%. Power Co. of Canada’s payout ratio is 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.
Read More
- Five stocks we like better than Power Co. of Canada
- 3 Healthcare Dividend Stocks to Buy
- MarketBeat Week in Review – 5/20 – 5/24
- Investing in Travel Stocks Benefits
- NASDAQ 100 vs. NASDAQ Composite: A Detailed Breakdown of NASDAQ
- 5 Top Rated Dividend Stocks to Consider
- These 2 Retail Traders Favorites are Nearing Major Breakouts
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.