Power Co. of Canada (TSE:POW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Power Co. of Canada (TSE:POW) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$43.28.

POW has been the topic of a number of recent analyst reports. Scotiabank increased their target price on Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Royal Bank of Canada increased their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Desjardins increased their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. CIBC dropped their price target on Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Finally, TD Securities raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Power Co. of Canada Stock Performance

POW stock opened at C$43.11 on Thursday. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. The business’s fifty day simple moving average is C$40.06 and its two-hundred day simple moving average is C$39.02. Power Co. of Canada has a twelve month low of C$32.33 and a twelve month high of C$43.23. The firm has a market cap of C$25.54 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.95 and a beta of 1.09.

Power Co. of Canada (TSE:POW) last released its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.05. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The business had revenue of C$9.91 billion for the quarter. Analysts predict that Power Co. of Canada will post 4.9731622 earnings per share for the current year.

Power Co. of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a $0.563 dividend. This represents a $2.25 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada’s dividend payout ratio is presently 51.25%.

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.