Power Co. of Canada (TSE:POW) Given New C$42.00 Price Target at BMO Capital Markets

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

Other equities analysts also recently issued reports about the company. CIBC lowered 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 research report on Friday, April 26th. Scotiabank raised their price target 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. 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. 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 note on Friday, February 2nd. Finally, Jefferies Financial Group boosted their target price on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a buy rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from 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 %

TSE:POW opened at C$38.98 on Tuesday. The company has a debt-to-equity ratio of 50.75, a current ratio of 23.47 and a quick ratio of 107.64. Power Co. of Canada has a one year low of C$32.33 and a one year high of C$40.30. The firm’s 50 day simple moving average is C$37.91 and its 200 day simple moving average is C$37.53. The company has a market cap of C$23.20 billion, a PE ratio of 11.36, a P/E/G ratio of 0.95 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data 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). The business had revenue of C$21.37 billion during the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. On average, research analysts anticipate that Power Co. of Canada will post 4.5329341 earnings per share for the current year.

Power Co. of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders 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. This represents a $2.25 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend was Wednesday, March 27th. Power Co. of Canada’s payout ratio is 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.