Power Co. of Canada (OTCMKTS:PWCDF) had its target price raised by research analysts at CIBC from $40.00 to $41.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 38.23% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Power Co. of Canada from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday. Desjardins increased their price target on shares of Power Co. of Canada from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, March 22nd. TD Securities increased their price target on shares of Power Co. of Canada from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, March 18th. Scotiabank increased their price target on shares of Power Co. of Canada from $38.50 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, National Bank Financial assumed coverage on shares of Power Co. of Canada in a research report on Friday. They set a “sector perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Power Co. of Canada has a consensus rating of “Hold” and an average price target of $37.14.
Shares of PWCDF stock traded up $0.52 during trading hours on Tuesday, hitting $29.66. 13,414 shares of the company were exchanged, compared to its average volume of 18,004. Power Co. of Canada has a one year low of $13.38 and a one year high of $29.78. The business’s 50-day simple moving average is $27.13 and its two-hundred day simple moving average is $24.03.
Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.
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