Shares of Power Co. of Canada (TSE:POW – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$40.74 and last traded at C$40.70, with a volume of 59288 shares traded. The stock had previously closed at C$40.36.
Analyst Upgrades and Downgrades
POW has been the topic of several research analyst reports. BMO Capital Markets lifted their price target on Power Co. of Canada from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. CIBC decreased their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research report on Friday, August 9th. Desjardins lifted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada upped their target price on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, TD Securities raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$43.28.
Read Our Latest Stock Report on POW
Power Co. of Canada Stock Performance
Power Co. of Canada Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be paid a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Friday, September 27th. Power Co. of Canada’s dividend payout ratio (DPR) is currently 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.
Featured Articles
- Five stocks we like better than Power Co. of Canada
- 3 Tickers Leading a Meme Stock Revival
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
- Energy and Oil Stocks Explained
- Chewy’s Stock Poised for a Major Comeback: Don’t Miss Out
- Investing in Travel Stocks Benefits
- 3 High-Yield Stocks with Major Upside, According to Analysts
Receive News & Ratings for Power Co. of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Co. of Canada and related companies with MarketBeat.com's FREE daily email newsletter.