Power Co. of Canada (TSE:POW) Price Target Cut to C$43.00

Power Co. of Canada (TSE:POWGet Rating) had its target price trimmed by National Bankshares from C$46.00 to C$43.00 in a report issued on Tuesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the financial services provider’s stock.

A number of other equities research analysts have also commented on the company. BMO Capital Markets decreased their price target on Power Co. of Canada from C$44.00 to C$40.00 in a research report on Monday, May 9th. CIBC decreased their target price on Power Co. of Canada from C$47.00 to C$44.00 and set a neutral rating on the stock in a report on Friday, March 18th. Royal Bank of Canada lifted their price target on Power Co. of Canada from C$47.00 to C$48.00 and gave the company a sector perform rating in a report on Thursday, January 20th. Scotiabank decreased their price objective on shares of Power Co. of Canada from C$45.50 to C$43.50 in a report on Tuesday. Finally, National Bank Financial boosted their target price on shares of Power Co. of Canada to C$48.00 and gave the stock a sector perform rating in a research note on Monday, January 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of C$43.69.

Shares of TSE:POW opened at C$34.60 on Tuesday. The company’s fifty day moving average is C$38.16 and its 200-day moving average is C$40.49. The company has a debt-to-equity ratio of 44.67, a quick ratio of 16.55 and a current ratio of 19.91. Power Co. of Canada has a 52 week low of C$33.03 and a 52 week high of C$44.53. The company has a market capitalization of C$23.41 billion and a PE ratio of 8.10.

Power Co. of Canada (TSE:POWGet Rating) last announced its quarterly earnings results on Thursday, March 17th. The financial services provider reported C$0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.03 by C($0.05). The company had revenue of C$19.48 billion for the quarter. On average, analysts forecast that Power Co. of Canada will post 4.6499998 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, March 31st were given a dividend of $0.495 per share. The ex-dividend date was Wednesday, March 30th. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.45. This represents a $1.98 dividend on an annualized basis and a yield of 5.72%. Power Co. of Canada’s dividend payout ratio is presently 43.02%.

About Power Co. of Canada (Get Rating)

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.

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Analyst Recommendations for Power Co. of Canada (TSE:POW)

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