Shares of Power Co. of Canada (TSE:POW – Get Free Report) have been assigned an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$41.78.
Several research firms recently weighed in on POW. Scotiabank upped 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. CIBC upped their price objective on shares of Power Co. of Canada from C$40.00 to C$43.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Royal Bank of Canada upgraded shares of Power Co. of Canada from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$41.00 to C$45.00 in a research report on Thursday, January 4th. Desjardins upped their price objective 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. Finally, National Bankshares upped their price objective on shares of Power Co. of Canada from C$39.00 to C$41.00 in a research report on Thursday, March 21st.
Check Out Our Latest Research Report on POW
Power Co. of Canada Trading Up 0.6 %
Power Co. of Canada (TSE:POW – Get Free Report) last announced its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share 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 company had revenue of C$21.37 billion for the quarter. On average, equities analysts forecast that Power Co. of Canada will post 4.5349398 EPS for the current fiscal year.
Power Co. of Canada Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, March 28th will be issued a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.53. Power Co. of Canada’s dividend payout ratio 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.
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