Power Financial (TSE:PWF) had its price target lowered by TD Securities from C$35.00 to C$34.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.
A number of other research firms also recently issued reports on PWF. BMO Capital Markets increased their target price on shares of Power Financial from C$31.00 to C$33.00 and gave the stock a market perform rating in a research report on Tuesday, April 16th. CIBC increased their target price on shares of Power Financial from C$32.50 to C$37.00 in a research report on Thursday, March 21st. Royal Bank of Canada increased their target price on shares of Power Financial from C$33.00 to C$36.00 and gave the stock a sector perform rating in a research report on Tuesday, March 12th. Finally, Desjardins increased their target price on shares of Power Financial from C$33.00 to C$34.00 in a research report on Tuesday, March 12th.
PWF stock opened at C$29.87 on Thursday. Power Financial has a 12-month low of C$25.05 and a 12-month high of C$33.27. The company has a debt-to-equity ratio of 46.69, a current ratio of 1.67 and a quick ratio of 0.90. The company has a market capitalization of $19.84 billion and a price-to-earnings ratio of 9.52.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, March 29th were issued a dividend of $0.456 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 6.11%. This is an increase from Power Financial’s previous quarterly dividend of $0.43. Power Financial’s dividend payout ratio (DPR) is currently 55.89%.
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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