Power Co. of Canada (TSE:POW) PT Lowered to C$44.00

Power Co. of Canada (TSE:POW) had its target price cut by Jefferies Financial Group from C$45.00 to C$44.00 in a report published on Friday morning, BayStreet.CA reports.

POW has been the subject of several other reports. National Bankshares boosted their price target on Power Co. of Canada from C$41.00 to C$42.00 in a research note on Thursday, May 9th. CIBC boosted their price target on Power Co. of Canada from C$40.00 to C$43.00 in a research note on Thursday, May 9th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$41.00 to C$42.00 and gave the company a market perform rating in a research note on Tuesday, May 7th. Scotiabank boosted their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price target on Power Co. of Canada from C$45.00 to C$46.00 in a research note on Thursday, May 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$43.06.

Power Co. of Canada Stock Down 4.2 %

TSE:POW opened at C$37.86 on Friday. The firm has a market capitalization of C$22.53 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10. Power Co. of Canada has a twelve month low of C$32.33 and a twelve month high of C$40.59. The stock’s 50 day moving average price is C$39.06 and its two-hundred day moving average price is C$38.67. The company has a quick ratio of 107.64, a current ratio of 90.10 and a debt-to-equity ratio of 48.88.

Power Co. of Canada (TSE:POW) last posted its earnings results on Wednesday, May 8th. The financial services provider reported C$1.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.09 by C$0.03. The business had revenue of C$2.73 billion for the quarter. Power Co. of Canada had a return on equity of 10.37% and a net margin of 7.84%. Equities research analysts expect that Power Co. of Canada will post 4.5839161 earnings per share for the current fiscal year.

Power Co. of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Friday, June 28th were issued a $0.563 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.95%. Power Co. of Canada’s dividend payout ratio is presently 54.88%.

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.