CIBC Lowers Power Financial Corp (PWF) Price Target to C$36.00
Power Financial Corp (TSE:PWF) had its target price cut by research analysts at CIBC from C$37.00 to C$36.00 in a research note issued to investors on Monday. CIBC’s target price suggests a potential upside of 10.09% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. Barclays PLC decreased their price target on shares of Power Financial Corp from C$33.00 to C$32.00 in a research note on Tuesday, August 9th. RBC Capital Markets raised their target price on shares of Power Financial Corp from C$32.00 to C$34.00 and gave the company a “sector perform” rating in a research note on Monday. Desjardins decreased their target price on shares of Power Financial Corp from C$37.00 to C$36.00 in a research note on Monday, August 8th. BMO Capital Markets decreased their target price on shares of Power Financial Corp from C$36.00 to C$33.00 and set a “market perform” rating for the company in a research note on Saturday, August 6th. Finally, Scotiabank decreased their target price on shares of Power Financial Corp from C$36.50 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, August 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$34.43.
Shares of Power Financial Corp (TSE:PWF) opened at 32.70 on Monday. The stock has a 50 day moving average of $31.31 and a 200-day moving average of $30.76. The firm has a market capitalization of $23.32 billion and a PE ratio of 12.33. Power Financial Corp has a 52 week low of $28.84 and a 52 week high of $34.25.
Power Financial Corp Company Profile
Power Financial Corporation is a diversified management and holding company. The Company has operations in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc (Lifeco) and IGM Financial Inc (IGM). It operates through three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa).
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