Power Co. of Canada (TSE:POW – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$43.62 and last traded at C$43.59, with a volume of 368133 shares changing hands. The stock had previously closed at C$42.95.
Wall Street Analyst Weigh In
POW has been the subject of a number of recent analyst reports. Desjardins boosted their price objective on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their price objective on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Jefferies Financial Group cut their price objective on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Scotiabank boosted their price objective on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Finally, TD Securities upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. 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 stock. Based on data from MarketBeat.com, Power Co. of Canada currently has an average rating of “Moderate Buy” and a consensus target price of C$43.28.
Check Out Our Latest Analysis on POW
Power Co. of Canada Trading Up 1.1 %
Power Co. of Canada (TSE:POW – Get Free Report) last posted its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$9.91 billion for the quarter. On average, research analysts expect that Power Co. of Canada will post 4.976825 earnings per share for the current year.
Power Co. of Canada Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada’s payout ratio is 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.
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