Power Financial Corp (PWF) Stock Rating Reaffirmed by Scotiabank
Scotiabank restated their sector perform rating on shares of Power Financial Corp (TSE:PWF) in a report released on Monday morning. Scotiabank currently has a C$38.00 target price on the financial services provider’s stock.
Several other research firms have also issued reports on PWF. Desjardins upped their price objective on Power Financial Corp from C$36.00 to C$38.00 in a research note on Thursday, March 2nd. CIBC increased their target price on Power Financial Corp from C$36.00 to C$37.00 in a research note on Tuesday, February 14th. Royal Bank of Canada lowered their target price on Power Financial Corp from C$36.00 to C$35.00 and set a sector perform rating on the stock in a research note on Monday, March 27th. Finally, Barclays PLC increased their target price on Power Financial Corp from C$32.00 to C$36.00 in a research note on Monday, March 20th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of C$36.17.
Shares of Power Financial Corp (TSE:PWF) opened at 34.29 on Monday. Power Financial Corp has a 1-year low of $28.97 and a 1-year high of $36.46. The stock’s 50 day moving average price is $35.13 and its 200-day moving average price is $33.82. The stock has a market capitalization of $24.46 billion and a P/E ratio of 12.78.
About Power Financial Corp
Power Financial Corp is a Canada-based diversified management and holding company. It 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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