In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Power Corp of Canada (POW). CIBC’s analyst Paul Holden reiterates their Hold rating on the shares, with a C$30 price target.
According to TipRanks.com, Holden is a 3-star analyst with an average return of 3.3% and a 52.1% success rate. Holden covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Manulife Financial Corp, and Sun Life Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Power Corp of Canada with a C$30.83 average price target, a 14.6% upside from current levels. In a report issued on November 5, Barclays also maintained a Hold rating on the stock with a C$29 price target.
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Power Corp of Canada’s market cap is currently C$12.53B and has a P/E ratio of 9.9. The company has a Price to Book ratio of 0.88.
Power Corp. of Canada is a management and holding company, which engages in the financial, sustainable and renewable energy, asset management, communications, and other business sectors. It operates through the following segments: Lifeco, IGM Financial, and Pargesa.
The company’s shares closed on Monday at C$26.89, close to its 52-week low of C$26.56.
