Power Financial Corp (TSE:PWF) Given Consensus Recommendation of “Hold” by Analysts
Power Financial Corp (TSE:PWF) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$36.14.
A number of brokerages have commented on PWF. Barclays PLC boosted their price target on shares of Power Financial Corp from C$32.00 to C$36.00 in a research note on Monday, March 20th. Royal Bank of Canada decreased their price target on shares of Power Financial Corp from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Monday, March 27th. Scotiabank restated a “sector perform” rating and set a C$38.00 price target on shares of Power Financial Corp in a research note on Monday, March 27th. Finally, TD Securities lowered shares of Power Financial Corp from a “buy” rating to a “hold” rating and decreased their price target for the company from C$41.00 to C$37.00 in a research note on Thursday, May 11th.
Shares of Power Financial Corp (TSE:PWF) traded up 0.41% during trading on Friday, reaching $33.92. 284,037 shares of the company’s stock were exchanged. The company has a market capitalization of $24.19 billion and a PE ratio of 11.31. The company has a 50 day moving average price of $32.75 and a 200-day moving average price of $34.17. Power Financial Corp has a 52-week low of $29.07 and a 52-week high of $36.46.
In other news, insider Arnaud Vial bought 3,150 shares of Power Financial Corp stock in a transaction dated Thursday, May 18th. The stock was purchased at an average price of C$32.05 per share, for a total transaction of C$100,957.50.
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Power Financial Corp Company Profile
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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