Power Co. of Canada (TSE:POW) Price Target Cut to C$42.00 by Analysts at Barclays

Power Co. of Canada (TSE:POWGet Rating) had its target price lowered by Barclays from C$46.00 to C$42.00 in a research report released on Wednesday morning, Marketbeat.com reports. The firm currently has an equal weight rating on the financial services provider’s stock.

POW has been the topic of several other reports. National Bankshares lowered their target price on shares of Power Co. of Canada from C$46.00 to C$43.00 and set a sector perform rating on the stock in a research note on Tuesday. Royal Bank of Canada boosted their price objective on Power Co. of Canada from C$47.00 to C$48.00 and gave the company a sector perform rating in a research report on Thursday, January 20th. Scotiabank reduced their target price on Power Co. of Canada from C$45.50 to C$43.50 in a research note on Tuesday. CIBC cut their target price on shares of Power Co. of Canada from C$47.00 to C$44.00 and set a neutral rating for the company in a research note on Friday, March 18th. Finally, BMO Capital Markets decreased their price target on shares of Power Co. of Canada from C$44.00 to C$40.00 in a research note on Monday, May 9th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of C$43.69.

TSE POW opened at C$34.60 on Wednesday. The firm has a market capitalization of C$23.41 billion and a P/E ratio of 8.10. The stock has a 50-day simple moving average of C$38.16 and a two-hundred day simple moving average of C$40.49. The company has a debt-to-equity ratio of 44.67, a quick ratio of 16.55 and a current ratio of 19.91. Power Co. of Canada has a fifty-two week low of C$33.03 and a fifty-two week high of C$44.53.

Power Co. of Canada (TSE:POWGet Rating) last posted its earnings results on Thursday, March 17th. The financial services provider reported C$0.98 earnings per share for the quarter, missing the consensus estimate of C$1.03 by C($0.05). The firm had revenue of C$19.48 billion for the quarter. As a group, analysts forecast that Power Co. of Canada will post 4.6499998 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, March 31st were issued a $0.495 dividend. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 30th. This represents a $1.98 dividend on an annualized basis and a yield of 5.72%. Power Co. of Canada’s dividend payout ratio is presently 43.02%.

Power Co. of Canada Company Profile (Get Rating)

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.

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