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

Shares of Power Co. of Canada (OTCMKTS:PWCDF) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several research firms have recently commented on PWCDF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Power Co. of Canada in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Power Co. of Canada in a report on Wednesday, April 29th. TD Securities lowered shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a report on Thursday, May 14th. BMO Capital Markets restated a “market perform” rating on shares of Power Co. of Canada in a research note on Tuesday, May 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a research report on Tuesday, April 28th.

Power Co. of Canada Trading Down 1.5%

PWCDF opened at $64.67 on Friday. The firm’s 50 day moving average is $61.80 and its 200-day moving average is $54.69. Power Co. of Canada has a 52-week low of $38.21 and a 52-week high of $70.74.

About Power Co. of Canada

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.