Power Corp of Canada (POW – Research Report), the Financial sector company, has received a rating update from a Wall Street analyst today. Analyst Geoffrey Kwan from RBC Capital reiterated a Hold rating, with a C$41.00 price target.
According to TipRanks.com, Kwan is a 4-star analyst with an average return of 4.1% and a 52.4% success rate. Kwan covers the Financial sector, focusing on stocks such as Equitable Group, IGM Financial, and CI Financial.
Currently, the analyst consensus on Power Corp of Canada is a Hold with an average price target of C$44.09.
The company has a one-year high of C$38.98 and a one-year low of C$31.47. Currently, Power Corp of Canada has an average volume of 3.17M.
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$32.62, close to its 52-week low of C$31.47.
