Power Co. of Canada (POW) Price Target Raised to C$35.00
Several other equities research analysts also recently weighed in on POW. BMO Capital Markets increased their price objective on Power Co. of Canada from C$35.00 to C$36.00 in a report on Monday, November 13th. Barclays increased their price objective on Power Co. of Canada from C$33.00 to C$35.00 in a report on Tuesday, November 7th. Finally, Royal Bank Of Canada increased their price objective on Power Co. of Canada from C$34.00 to C$36.00 and gave the company a sector perform rating in a report on Monday, November 13th.
Shares of Power Co. of Canada (TSE POW) opened at C$32.41 on Monday. Power Co. of Canada has a fifty-two week low of C$28.40 and a fifty-two week high of C$33.69.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.3585 per share. This represents a $1.43 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, December 7th. Power Co. of Canada’s dividend payout ratio (DPR) is presently 42.03%.
In other news, insider Stéphane Lemay sold 22,609 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of C$32.19, for a total transaction of C$727,783.71. Also, insider Arnaud Vial sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of C$32.80, for a total value of C$82,000.00. Insiders have sold 52,544 shares of company stock valued at $1,686,508 in the last 90 days.
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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