Shares of Power Co. of Canada (OTCMKTS:PWCDF – Get Free Report) were down 1.7% during trading on Monday . The stock traded as low as $62.23 and last traded at $62.51. 166,191 shares traded hands during mid-day trading, an increase of 142% from the average session volume of 68,720 shares. The stock had previously closed at $63.58.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Desjardins reaffirmed a “buy” rating on shares of Power Co. of Canada in a research note on Wednesday, May 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Power Co. of Canada in a report on Thursday, May 14th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Power Co. of Canada in a report on Tuesday, May 12th. TD Securities cut Power Co. of Canada from a “buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Power Co. of Canada in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.
Get Our Latest Report on PWCDF
Power Co. of Canada Price Performance
About Power Co. of Canada
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.
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