National Bankshares Issues Positive Forecast for Power Co. of Canada (TSE:POW) Stock Price

Power Co. of Canada (TSE:POW) had its target price hoisted by National Bankshares from C$42.00 to C$47.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on the company. Scotiabank boosted their price objective on Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. TD Securities raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Royal Bank of Canada raised their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Desjardins raised their price target on shares of 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. Finally, Jefferies Financial Group lowered their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$43.83.

Power Co. of Canada Stock Performance

POW opened at C$44.37 on Wednesday. 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 12-month low of C$33.90 and a 12-month high of C$44.86. The firm has a 50 day moving average of C$42.68 and a two-hundred day moving average of C$40.01. The firm has a market capitalization of C$26.29 billion, a PE ratio of 10.11, a P/E/G ratio of 0.57 and a beta of 1.09.

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 (EPS) for the quarter, topping the consensus estimate of C$1.12 by C$0.05. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The firm had revenue of C$9.91 billion during the quarter. On average, analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current year.

Power Co. of Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, September 27th were given a $0.563 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.25 annualized dividend and a dividend yield of 5.08%. Power Co. of Canada’s dividend payout ratio (DPR) is presently 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.