Power Co. of Canada (TSE:POW) Given New C$40.00 Price Target at Barclays

Power Co. of Canada (TSE:POW – Get Rating) had its price objective upped by Barclays from C$39.00 to C$40.00 in a research note released on Tuesday, BayStreet.CA reports.

A number of other research firms also recently issued reports on POW. Royal Bank of Canada upped their target price on shares of Power Co. of Canada from C$39.00 to C$41.00 and gave the company a sector perform rating in a research report on Friday, March 17th. TD Securities raised shares of Power Co. of Canada from a hold rating to a buy rating and lifted their target price for the stock from C$38.00 to C$41.00 in a report on Wednesday, May 17th. Scotiabank lifted their target price on shares of Power Co. of Canada from C$39.00 to C$44.00 in a report on Wednesday, March 8th. BMO Capital Markets cut their target price on Power Co. of Canada from C$40.00 to C$39.00 in a research note on Wednesday, May 17th. Finally, Desjardins cut shares of Power Co. of Canada from a buy rating to a hold rating in a report on Wednesday, February 1st.

Power Co. of Canada Price Performance

POW opened at C$35.66 on Tuesday. Power Co. of Canada has a one year low of C$29.76 and a one year high of C$37.66. The company has a debt-to-equity ratio of 48.01, a current ratio of 12.44 and a quick ratio of 107.64. The company’s 50 day simple moving average is C$35.30 and its 200-day simple moving average is C$34.76. The stock has a market capitalization of C$21.81 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of -3.07 and a beta of 1.06.

Power Co. of Canada (TSE:POW – Get Rating) last released its earnings results on Thursday, March 16th. The financial services provider reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.97 by C($0.38). The firm had revenue of C$15.09 billion during the quarter. Sell-side analysts anticipate that Power Co. of Canada will post 4.0730594 earnings per share for the current fiscal year.

Power Co. of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be given a $0.525 dividend. The ex-dividend date is Thursday, June 29th. This represents a $2.10 annualized dividend and a dividend yield of 5.89%. Power Co. of Canada’s dividend payout ratio is presently 75.00%.

Power Co. of Canada Company Profile

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Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.