Power Co. of Canada (TSE:POW) Price Target Raised to C$44.00 at Jefferies Financial Group

Power Co. of Canada (TSE:POW) had its price objective hoisted by Jefferies Financial Group from C$43.00 to C$44.00 in a report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

POW has been the topic of several other reports. BMO Capital Markets boosted their price target on shares of Power Co. of Canada from C$38.00 to C$41.00 in a research report on Friday, March 15th. Desjardins upped their price target on Power Co. of Canada from C$39.00 to C$40.00 and gave the company a buy rating in a report on Friday, February 2nd. TD Securities lowered Power Co. of Canada from a buy rating to a hold rating and increased their price target for the company from C$40.00 to C$42.00 in a research report on Friday, March 22nd. National Bankshares upped their price objective on shares of Power Co. of Canada from C$39.00 to C$41.00 in a research note on Thursday, March 21st. Finally, Scotiabank lifted their price objective on shares of Power Co. of Canada from C$44.00 to C$45.00 and gave the stock a sector perform rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$41.80.

Power Co. of Canada Stock Up 1.0 %

Power Co. of Canada stock opened at C$38.98 on Tuesday. The company’s 50-day moving average price is C$37.91 and its two-hundred day moving average price is C$37.53. The stock has a market cap of C$23.20 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.95 and a beta of 1.09. Power Co. of Canada has a 52 week low of C$32.33 and a 52 week high of C$40.30. The company has a current ratio of 23.47, a quick ratio of 107.64 and a debt-to-equity ratio of 50.75.

Power Co. of Canada (TSE:POW) last announced its 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). The firm had revenue of C$21.37 billion for the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. On average, analysts expect that Power Co. of Canada will post 4.5329341 EPS for the current fiscal year.

Power Co. of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Thursday, March 28th were issued a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a dividend yield of 5.78%. This is a positive change from Power Co. of Canada’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. Power Co. of Canada’s dividend payout ratio (DPR) is currently 65.60%.

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.