Power Co. of Canada (OTCMKTS:PWCDF) Given Average Recommendation of “Moderate Buy” by Brokerages

Power Co. of Canada (OTCMKTS:PWCDF) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

PWCDF has been the subject of several analyst reports. Desjardins reaffirmed a “buy” rating on shares of Power Co. of Canada in a report on Wednesday, May 13th. Scotiabank reissued an “outperform” rating on shares of Power Co. of Canada in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Power Co. of Canada in a report on Wednesday, April 29th. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “buy” rating in a report on Friday, July 31st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Power Co. of Canada in a report on Friday, July 31st.

Hedge Funds Weigh In On Power Co. of Canada

A hedge fund recently raised its stake in Power Co. of Canada stock. Cullen Capital Management LLC raised its stake in Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 886,766 shares of the company’s stock after buying an additional 18,490 shares during the quarter. Cullen Capital Management LLC’s holdings in Power Co. of Canada were worth $55,121,000 at the end of the most recent reporting period. Institutional investors own 41.73% of the company’s stock.

Power Co. of Canada Stock Performance

Power Co. of Canada stock opened at $68.43 on Thursday. Power Co. of Canada has a 1 year low of $40.50 and a 1 year high of $70.74. The firm’s 50 day moving average price is $64.48 and its two-hundred day moving average price is $56.51.

Power Co. of Canada Company Profile

Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.

The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.