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

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

POW has been the subject of a number of research reports. TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Jefferies Financial Group lowered their target price on Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Desjardins raised 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 note on Monday, August 12th. 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, CIBC cut their price objective on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th.

Power Co. of Canada Stock Performance

Shares of POW stock opened at C$43.14 on Thursday. The stock’s fifty day simple moving average is C$39.93 and its 200-day simple moving average is C$38.97. The company has a market capitalization of C$25.56 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.95 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. Power Co. of Canada has a 1-year low of C$32.33 and a 1-year high of C$43.23.

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

Power Co. of Canada Dividend Announcement

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

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.