Power Co. of Canada (TSE:POW) Receives Sector Perform Rating from Royal Bank Of Canada
Power Co. of Canada (TSE:POW)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank Of Canada in a research report issued on Wednesday, StockTargetPrices.com reports.
A number of other research firms have also commented on POW. Barclays PLC raised their price target on shares of Power Co. of Canada from C$29.00 to C$32.00 in a research report on Monday, March 20th. Desjardins raised their price target on shares of Power Co. of Canada from C$32.00 to C$33.00 in a research report on Thursday, March 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a C$35.00 price target on shares of Power Co. of Canada in a research report on Thursday, April 27th. Scotiabank reaffirmed a “sector perform” rating and set a C$36.00 price target on shares of Power Co. of Canada in a research report on Monday, March 27th. Finally, TD Securities lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$37.00 to C$33.00 in a research report on Thursday, May 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$33.57.
Power Co. of Canada (TSE:POW) traded down 0.10% on Wednesday, hitting $29.58. 587,886 shares of the stock traded hands. The stock has a market cap of $12.27 billion and a price-to-earnings ratio of 12.75. Power Co. of Canada has a 52 week low of $26.80 and a 52 week high of $32.49. The firm’s 50 day moving average is $29.19 and its 200 day moving average is $30.61.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were given a dividend of $0.3585 per share. This represents a $1.43 dividend on an annualized basis and a yield of 4.85%. This is a positive change from Power Co. of Canada’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, June 7th.
In other Power Co. of Canada news, insider Arnaud Vial purchased 3,473 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average cost of C$28.71 per share, with a total value of C$99,709.83.
Power Co. of Canada Company Profile
Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc (Lifeco), IGM Financial Inc (IGM) and Pargesa Holding SA (Pargesa).
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.