Power Co. of Canada (TSE:POW) Price Target Lowered to C$42.40 at Scotiabank

Power Co. of Canada (TSE:POW) had its price target lowered by Scotiabank from C$43.50 to C$42.40 in a research report sent to investors on Monday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the financial services provider’s stock.

A number of other research analysts have also recently weighed in on POW. Cfra raised their price objective on shares of Power Co. of Canada from C$38.00 to C$42.00 in a research note on Friday, August 11th. TD Securities raised their price objective on shares of Power Co. of Canada from C$41.00 to C$43.00 and gave the stock a buy rating in a research note on Monday, August 14th. Royal Bank of Canada lowered their target price on shares of Power Co. of Canada from C$45.00 to C$41.00 and set a sector perform rating for the company in a research note on Tuesday, October 24th. CIBC lowered their target price on shares of Power Co. of Canada from C$42.00 to C$38.00 and set a neutral rating for the company in a research note on Thursday, October 26th. Finally, BMO Capital Markets lifted their target price on shares of Power Co. of Canada from C$39.00 to C$41.00 in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Power Co. of Canada has a consensus rating of Hold and a consensus price target of C$41.05.

Power Co. of Canada Trading Up 2.2 %

Shares of Power Co. of Canada stock opened at C$33.18 on Monday. The company has a current ratio of 42.50, a quick ratio of 107.64 and a debt-to-equity ratio of 50.02. The company has a 50-day moving average of C$35.65 and a two-hundred day moving average of C$36.02. Power Co. of Canada has a 12-month low of C$31.47 and a 12-month high of C$38.98. The stock has a market cap of C$20.07 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.95 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data on Thursday, August 10th. The financial services provider reported C$1.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.93 by C$0.34. Power Co. of Canada had a net margin of 2.66% and a return on equity of 6.35%. The business had revenue of C$7.17 billion during the quarter. On average, research analysts anticipate that Power Co. of Canada will post 4.2913386 EPS for the current fiscal year.

Power Co. of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be issued a $0.525 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.33%. Power Co. of Canada’s dividend payout ratio (DPR) is presently 106.06%.

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, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; fund and asset management; reinsurance and retrocession; investment advisory, financial planning, and related services; fund products; and protection and wealth management services.