BMO Capital Markets Increases Power Co. of Canada (TSE:POW) Price Target to C$42.00

Power Co. of Canada (TSE:POW) had its target price hoisted by BMO Capital Markets from C$41.00 to C$42.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have a market perform rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. CIBC lowered their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 and set a neutral rating for the company in a research report on Friday, April 26th. TD Securities lowered shares of Power Co. of Canada from a buy rating to a hold rating and upped their price objective for the company from C$40.00 to C$42.00 in a research note on Friday, March 22nd. Desjardins upped their price objective on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the company a buy rating in a research note on Friday, February 2nd. Jefferies Financial Group upped their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a buy rating in a research note on Tuesday. Finally, National Bankshares increased their price target on shares of Power Co. of Canada from C$39.00 to C$41.00 in a research report on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Power Co. of Canada presently has an average rating of Hold and an average target price of C$42.30.

Power Co. of Canada Stock Performance

Shares of TSE:POW opened at C$40.40 on Tuesday. The company has a market cap of C$24.04 billion, a P/E ratio of 11.78, a PEG ratio of 0.95 and a beta of 1.09. Power Co. of Canada has a one year low of C$32.33 and a one year high of C$40.49. The business’s 50-day simple moving average is C$37.95 and its 200 day simple moving average is C$37.56. The company has a debt-to-equity ratio of 50.75, a quick ratio of 107.64 and a current ratio of 23.47.

Power Co. of Canada (TSE:POW) last posted its earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. The firm had revenue of C$21.37 billion for the quarter. On average, sell-side analysts forecast that Power Co. of Canada will post 4.5329341 earnings per share for the current fiscal year.

Power Co. of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Thursday, March 28th were paid a $0.563 dividend. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. This represents a $2.25 annualized dividend and a dividend yield of 5.57%. Power Co. of Canada’s dividend payout ratio (DPR) is presently 65.60%.

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.