Power Financial (PWF) Price Target Cut to C$31.00 by Analysts at BMO Capital Markets

Power Financial (TSE:PWF) had its price target decreased by BMO Capital Markets from C$34.00 to C$31.00 in a report published on Tuesday.

Several other equities research analysts have also issued reports on PWF. Barclays decreased their price target on shares of Power Financial from C$34.00 to C$31.00 in a research note on Monday, November 5th. CIBC lifted their price objective on shares of Power Financial from C$36.50 to C$37.00 in a research note on Tuesday, August 7th. TD Securities upgraded shares of Power Financial from a hold rating to a buy rating and lifted their price objective for the company from C$36.00 to C$37.00 in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Power Financial from C$37.00 to C$36.00 and set a sector perform rating for the company in a research note on Tuesday, August 7th.

Shares of PWF stock opened at C$28.45 on Tuesday. The company has a current ratio of 44.02, a quick ratio of 41.43 and a debt-to-equity ratio of 45.70. Power Financial has a 12-month low of C$27.74 and a 12-month high of C$36.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Monday, December 31st will be paid a $0.433 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.73 dividend on an annualized basis and a yield of 6.09%. Power Financial’s dividend payout ratio is 62.58%.

Power Financial Company Profile

Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, accidental death and dismemberment, health and dental protection, creditor, and direct marketing insurance products, as well as specialty products; and wealth accumulation and annuity products.

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