PowerShares Fin. Preferred Port. (NYSEARCA:PGF)‘s stock had its “sell” rating reaffirmed by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday. They presently have a $1.00 price target on the exchange traded fund’s stock. Canaccord Genuity’s target price suggests a potential downside of 94.64% from the stock’s previous close.
A number of other brokerages also recently commented on PGF. AltaCorp Capital restated a “hold” rating and set a $1.15 price objective on shares of PowerShares Fin. Preferred Port. in a research report on Tuesday. Royal Bank of Canada restated a “hold” rating on shares of PowerShares Fin. Preferred Port. in a research report on Monday, October 23rd.
Shares of PowerShares Fin. Preferred Port. (NYSEARCA PGF) traded down $0.02 during trading on Thursday, reaching $18.64. 493,113 shares of the company’s stock were exchanged, compared to its average volume of 431,642. The stock has a market cap of $1,640.00 and a P/E ratio of 12.34. PowerShares Fin. Preferred Port. has a 52 week low of $18.07 and a 52 week high of $19.17.
ILLEGAL ACTIVITY NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/18/powershares-fin-preferred-port-pgf-given-sell-rating-at-canaccord-genuity.html.
PowerShares Fin. Preferred Port. Company Profile
PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly.
Receive News & Ratings for PowerShares Fin. Preferred Port. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerShares Fin. Preferred Port. and related companies with MarketBeat.com's FREE daily email newsletter.