In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Power Corp of Canada (POW – Research Report). Yesterday, an analyst has provided a rating update for the Financial sector company, Power Corp of Canada (TSX: POW).
According to TipRanks.com, Mackinnon is a 5-star analyst with an average return of 14.3% and a 69.0% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Element Fleet Management, and Manulife Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for Power Corp of Canada with a C$43.11 average price target, a 20.6% upside from current levels. In a report issued on May 15, RBC Capital also maintained a Hold rating on the stock with a C$41.00 price target.
The company has a one-year high of C$37.66 and a one-year low of C$29.76. Currently, Power Corp of Canada has an average volume of 3.11M.
Incorporated in 1925, Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Lifeco (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). In December 2019, Power Corp. announced it would buy out the remaining shares of Power Financial. This transaction was completed in February 2020.
The company’s shares closed last Tuesday at C$35.28.
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