Yesterday, an analyst has provided a rating update for the Financial sector company, Power Corp of Canada (POW). Analyst Douglas Young from Desjardins rated Power Corp of Canada (POW) a Hold, setting a C$31 price target.
According to TipRanks.com, Young is a 4-star analyst with an average return of 5.7% and a 62.9% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Power Corp of Canada with a C$32 average price target, a 15.4% upside from current levels. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a C$29 price target.
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The company has a one-year high of C$33.69 and a one-year low of C$26.56. Currently, Power Corp of Canada has an average volume of 759.5K.
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$27.72, close to its 52-week low of C$26.56.
