Power Co. of Canada (OTCMKTS:PWCDF) Shares Down 0.3% – Here’s What Happened

Power Co. of Canada (OTCMKTS:PWCDF) shares were down 0.3% during trading on Thursday . The stock traded as low as $50.9240 and last traded at $50.96. Approximately 26,030 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 28,796 shares. The stock had previously closed at $51.10.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PWCDF shares. Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a report on Tuesday, October 28th. National Bankshares restated a “sector perform” rating on shares of Power Co. of Canada in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Power Co. of Canada Trading Down 0.3%

The firm has a fifty day simple moving average of $52.09 and a 200-day simple moving average of $46.30.

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.