Power Co. of Canada (TSE:POW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Power Co. of Canada (TSE:POW) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$43.00.

Several research analysts recently commented on POW shares. 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. National Bankshares raised their target price on shares of Power Co. of Canada from C$41.00 to C$42.00 in a research report on Thursday, May 9th. CIBC lifted their price target on shares of Power Co. of Canada from C$40.00 to C$43.00 in a research note on Thursday, May 9th. Scotiabank raised Power Co. of Canada from a “sector perform” rating to an “outperform” rating and set a C$47.00 price objective on the stock in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group raised their price objective on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th.

Power Co. of Canada Stock Down 0.7 %

Shares of TSE POW opened at C$38.20 on Tuesday. The company has a market cap of C$22.73 billion, a P/E ratio of 9.32, a PEG ratio of 0.95 and a beta of 1.10. The firm has a 50-day simple moving average of C$38.40 and a two-hundred day simple moving average of C$38.41. 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 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 posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported C$1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.09 by C$0.03. 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$2.73 billion during the quarter. Research analysts anticipate that Power Co. of Canada will post 4.5839161 earnings per share for the current year.

Power Co. of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders 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 dividend yield of 5.90%. Power Co. of Canada’s dividend payout ratio is presently 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.