Analysts Set Power Financial Corp (PWF) Price Target at $34.43
Power Financial Corp (TSE:PWF) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$34.43.
A number of equities research analysts have commented on PWF shares. Scotiabank reduced their price target on shares of Power Financial Corp from C$36.50 to C$35.00 and set an “outperform” rating for the company in a report on Monday, August 8th. Desjardins dropped their price objective 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 dropped their price objective on shares of Power Financial Corp from C$36.00 to C$33.00 and set a “market perform” rating on the stock in a research note on Saturday, August 6th. Barclays PLC dropped their price objective on shares of Power Financial Corp from C$34.00 to C$33.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 3rd. Finally, RBC Capital Markets raised their price objective 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.
Power Financial Corp (TSE:PWF) opened at 32.62 on Tuesday. The company has a 50-day moving average of $31.42 and a 200-day moving average of $30.78. Power Financial Corp has a 52 week low of $28.84 and a 52 week high of $34.25. The firm has a market cap of $23.27 billion and a price-to-earnings ratio of 12.30.
About Power Financial Corp
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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