Power Co. of Canada (POW) Stock Rating Upgraded by TD Securities
TD Securities upgraded shares of Power Co. of Canada (TSE:POW) from a hold rating to a buy rating in a research report report published on Wednesday morning. The firm currently has C$34.00 target price on the financial services provider’s stock, up from their prior target price of C$32.00.
Several other equities analysts have also commented on POW. BMO Capital Markets dropped their target price on Power Co. of Canada to C$36.00 in a research note on Tuesday, May 8th. Barclays dropped their target price on Power Co. of Canada to C$33.00 in a research note on Tuesday, May 8th. Royal Bank of Canada upped their target price on Power Co. of Canada from C$33.00 to C$34.00 and gave the company a sector perform rating in a research note on Monday, May 14th. CIBC upped their target price on Power Co. of Canada from C$33.00 to C$34.00 in a research note on Monday, May 14th. Finally, Scotiabank upped their target price on Power Co. of Canada from C$35.00 to C$35.50 and gave the company a sector perform rating in a research note on Monday, May 14th.
Power Co. of Canada stock opened at C$29.07 on Wednesday. Power Co. of Canada has a 52 week low of C$28.20 and a 52 week high of C$33.69.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be paid a dividend of $0.382 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.53 annualized dividend and a yield of 5.26%.
In other Power Co. of Canada news, Director André Desmarais sold 346,275 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of C$30.46, for a total transaction of C$10,547,536.50.
About Power Co. of Canada
Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.
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