BMO Capital Markets Boosts Power Financial (TSE:PWF) Price Target to C$33.00

Power Financial (TSE:PWF) had its price target hoisted by BMO Capital Markets from C$31.00 to C$33.00 in a report published on Tuesday, April 16th, BayStreet.CA reports. They currently have a market perform rating on the financial services provider’s stock.

PWF has been the topic of several other research reports. Desjardins upped their target price on Power Financial from C$33.00 to C$34.00 in a research report on Tuesday, March 12th. Royal Bank of Canada dropped their price target on Power Financial from C$35.00 to C$33.00 in a research note on Tuesday, January 15th. Finally, CIBC upped their price target on Power Financial from C$32.50 to C$37.00 in a research note on Thursday, March 21st.

PWF stock traded up C$0.04 during midday trading on Tuesday, reaching C$31.22. 478,000 shares of the stock were exchanged, compared to its average volume of 811,694. The firm has a market capitalization of $20.73 billion and a P/E ratio of 9.95. Power Financial has a 52 week low of C$25.05 and a 52 week high of C$33.27. The company has a quick ratio of 0.90, a current ratio of 1.67 and a debt-to-equity ratio of 46.69.

Power Financial (TSE:PWF) last released its quarterly earnings results on Wednesday, March 20th. The financial services provider reported C$0.65 EPS for the quarter. As a group, equities research analysts expect that Power Financial will post 3.81000021854686 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, March 29th were paid a $0.456 dividend. The ex-dividend date was Thursday, March 28th. This is an increase from Power Financial’s previous quarterly dividend of $0.43. This represents a $1.82 annualized dividend and a dividend yield of 5.84%. Power Financial’s dividend payout ratio is 55.18%.

Power Financial Company Profile

Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, and health insurance products, as well as wealth savings and income products, and specialty products. The company also provides financial products, including employer-sponsored defined contribution plans, individual retirement accounts, enrollment services, communication materials, investment options and education services, fund management services, and investment and advisory services.

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