Today, an analyst has provided a rating update for Power Corp of Canada (POW). Analyst Tom Mackinnon from BMO Capital rated Power Corp of Canada (POW) a Buy, setting a C$31 price target.
According to TipRanks.com, Mackinnon is a 4-star analyst with an average return of 8.0% and a 60.0% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Sun Life Financial, and IGM Financial.
Power Corp of Canada has an analyst consensus of Moderate Buy, with a price target consensus of C$31.83, representing a 16.4% upside. In a report issued on October 26, Scotiabank also reiterated a Buy rating on the stock with a C$34 price target.
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Power Corp of Canada’s market cap is currently C$12.91B and has a P/E ratio of 8.3. The company has a Price to Book ratio of 0.91.
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 Tuesday at C$27.34, close to its 52-week low of C$26.56.
