Power Co. of Canada (POW) Price Target Increased to C$36.00 by Analysts at BMO Capital Markets
Separately, Barclays PLC upped their target price on shares of Power Co. of Canada from C$32.00 to C$33.00 in a report on Tuesday, August 1st.
Shares of Power Co. of Canada (TSE:POW) traded up C$0.29 during mid-day trading on Monday, hitting C$32.77. 481,991 shares of the company were exchanged, compared to its average volume of 784,501. Power Co. of Canada has a 12 month low of C$28.40 and a 12 month high of C$33.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.3585 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.38%. Power Co. of Canada’s dividend payout ratio (DPR) is 46.38%.
In other Power Co. of Canada news, insider Stéphane Lemay sold 22,609 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of C$32.19, for a total transaction of C$727,783.71.
About Power Co. of Canada
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).
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