Power Co. of Canada (OTCMKTS:PWCDF) Given Average Recommendation of “Hold” by Analysts

Power Co. of Canada (OTCMKTS:PWCDF) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

A number of research firms have recently commented on PWCDF. BMO Capital Markets reissued a “market perform” rating on shares of Power Co. of Canada in a research report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of Power Co. of Canada in a research report on Tuesday, April 28th. TD Securities lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a research report on Thursday, May 14th. Desjardins reissued a “buy” rating on shares of Power Co. of Canada in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Power Co. of Canada in a research report on Thursday, May 14th.

Power Co. of Canada Stock Up 2.2%

Shares of PWCDF opened at $60.34 on Friday. The firm’s 50 day moving average price is $53.76 and its 200 day moving average price is $51.65. Power Co. of Canada has a twelve month low of $36.71 and a twelve month high of $60.52.

Power Co. of Canada Company Profile

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.