In a new note to investors yesterday, an analyst has provided a rating update for Power Corp of Canada (POW). The company received a Hold rating from Barclays’ analyst John Aiken, with a C$30 price target.
According to TipRanks.com, Aiken is a 1-star analyst with an average return of -1.5% and a 38.9% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
Currently, the analyst consensus on Power Corp of Canada is a Moderate Buy with an average price target of C$32, representing a 5.5% upside. In a report issued on March 4, Desjardins also reiterated 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$31 and a one-year low of C$23.35. Currently, Power Corp of Canada has an average volume of 1.34M.
Power Corp. of Canada is a management and holding company, which engages in the provision of financial services; asset management; and sustainable and renewable energy. It operates through the following segments: Lifeco, IGM Financial, and Pargesa.
The company’s shares closed on Tuesday at C$30.34, close to its 52-week high of C$31.
