Power Co. of Canada (PWCDF) – What Are Analysts Saying About This Stock?

Shares of Power Co. of Canada (OTCMKTS:PWCDF) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

A number of research analysts recently commented on the company. Scotiabank restated an “outperform” rating on shares of Power Co. of Canada in a research note on Wednesday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Power Co. of Canada in a research report on Friday, October 23rd. TD Securities reiterated a “hold” rating on shares of Power Co. of Canada in a research note on Friday, July 31st. Finally, Jefferies Financial Group raised shares of Power Co. of Canada from a “hold” rating to a “buy” rating in a report on Friday, July 31st.

Power Co. of Canada Stock Down 1.0%

Shares of Power Co. of Canada stock opened at $69.12 on Tuesday. The business’s fifty day simple moving average is $65.96 and its 200-day simple moving average is $58.79. Power Co. of Canada has a 52 week low of $44.32 and a 52 week high of $70.74.

Institutional Trading of Power Co. of Canada

An institutional investor recently raised its position in Power Co. of Canada stock. Cullen Capital Management LLC boosted its holdings in Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 886,766 shares of the company’s stock after acquiring 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 quarter. Hedge funds and other institutional investors own 41.73% of the company’s stock.

Power Co. of Canada Company Profile

Power Corporation of Canada is a Canadian management and holding company focused on financial services and other investment businesses. Through its operating companies and investment platforms, the company has exposure to insurance, retirement and investment products, asset management, wealth management, and alternative investments.

Power Corporation’s principal publicly traded holdings include Great-West Lifeco, an international insurance and financial services group, and IGM Financial, a Canadian investment and wealth management company.