Power Co. of Canada (TSE:POW – Free Report) had its price target increased by BMO Capital Markets from C$41.00 to C$42.00 in a research note released on Tuesday, BayStreet.CA reports. They currently have a market perform rating on the financial services provider’s stock.
POW has been the subject of a number of other research reports. Desjardins lifted their target price on shares of 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. CIBC cut their price objective on Power Co. of Canada from C$43.00 to C$40.00 and set a neutral rating for the company in a report on Friday, April 26th. Jefferies Financial Group increased their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a buy rating in a report on Tuesday. National Bankshares boosted their price target on Power Co. of Canada from C$39.00 to C$41.00 in a research note on Thursday, March 21st. Finally, Scotiabank raised 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 report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$41.80.
View Our Latest Report on Power Co. of Canada
Power Co. of Canada Trading Up 1.0 %
Power Co. of Canada (TSE:POW – Get Free Report) last issued 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). Power Co. of Canada had a net margin of 6.89% and a return on equity of 8.94%. The business had revenue of C$21.37 billion for the quarter. On average, equities research 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 declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Thursday, March 28th were given a $0.563 dividend. This is a positive change from Power Co. of Canada’s previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend was Wednesday, March 27th. Power Co. of Canada’s dividend payout ratio is presently 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.
Featured Articles
- Five stocks we like better than Power Co. of Canada
- What is the Australian Securities Exchange (ASX)
- Garmin Navigates to New Highs Driven By Wearables Trend
- What Are Dividend Champions? How to Invest in the Champions
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- How to Most Effectively Use the MarketBeat Earnings Screener
- AbbVie Tracking for New Highs in 2024
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.