Desjardins Raises Power Co. of Canada (POW) Price Target to C$35.00

Power Co. of Canada (TSE:POW) had its price target upped by Desjardins from C$34.00 to C$35.00 in a research report released on Monday.

Several other research analysts have also commented on POW. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$35.00 to C$36.00 in a research note on Monday, November 13th. Barclays lifted their price objective on shares of Power Co. of Canada from C$33.00 to C$35.00 in a research note on Tuesday, November 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Power Co. of Canada from C$34.00 to C$36.00 and gave the stock a sector perform rating in a research note on Monday, November 13th.

Power Co. of Canada (TSE:POW) opened at C$31.93 on Monday. Power Co. of Canada has a one year low of C$28.40 and a one year high of C$33.69.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders 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 yield of 4.49%. The ex-dividend date of this dividend is Thursday, December 7th. Power Co. of Canada’s payout ratio is 42.03%.

In other news, insider Arnaud Vial sold 2,500 shares of Power Co. of Canada stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of C$32.80, for a total transaction of C$82,000.00. Also, insider Stéphane Lemay sold 22,609 shares of Power Co. of Canada stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of C$32.19, for a total value of C$727,783.71. Insiders have sold 52,544 shares of company stock valued at $1,686,508 over the last ninety days.

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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).

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