Power Co. of Canada (TSE:POW) PT Raised to C$47.00 at Royal Bank of Canada

Power Co. of Canada (TSE:POW) had its price objective upped by Royal Bank of Canada from C$46.00 to C$47.00 in a research report released on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on POW. CIBC decreased their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th. National Bankshares lifted their price target on shares of Power Co. of Canada from C$41.00 to C$42.00 in a research note on Thursday, May 9th. TD Securities lifted their price target on shares of Power Co. of Canada from C$42.00 to C$44.00 in a research note on Friday, May 10th. Jefferies Financial Group decreased their price target on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Finally, Scotiabank raised their price objective on shares of Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. Three investment 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 company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$43.28.

Power Co. of Canada Stock Up 1.1 %

Shares of Power Co. of Canada stock opened at C$38.70 on Monday. Power Co. of Canada has a 52-week low of C$32.33 and a 52-week high of C$40.59. The company has a 50 day moving average of C$38.69 and a 200 day moving average of C$38.58. The company has a quick ratio of 107.64, a current ratio of 90.10 and a debt-to-equity ratio of 48.88. The company has a market capitalization of C$23.03 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.95 and a beta of 1.10.

Power Co. of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be paid a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada’s dividend payout ratio is currently 54.88%.

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.