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Desjardins Keeps Their Hold Rating on Power Financial (PWF)


Shares of Power Financial (PWF) were revisited by a Wall Street analyst yesterday. Analyst Douglas Young from Desjardins rated Power Financial (PWF) a Hold, setting a C$33 price target.

According to TipRanks.com, Young is a 4-star analyst with an average return of 5.8% and a 64.4% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

Power Financial has an analyst consensus of Hold, with a price target consensus of C$32.80, which is a 15.3% upside from current levels. In a report issued on November 6, BMO Capital also maintained a Hold rating on the stock with a C$31 price target.

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The company has a one-year high of C$36.48 and a one-year low of C$27.74. Currently, Power Financial has an average volume of 518.4K.

Power Financial Corp. is a management and holding company, which holds interests in companies in the financial services sector in Canada, U.S., and Europe. It operates through the following segments: Lifeco, IGM, Pargesa, and Corporate.

The company’s shares closed on Friday at C$28.45, close to its 52-week low of C$27.74.