Power Financial Corp (TSE:PWF) had its price target dropped by equities research analysts at Royal Bank of Canada from C$36.00 to C$35.00 in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential downside of 0.77% from the stock’s previous close.
Several other research firms have also recently issued reports on PWF. Desjardins upped their price objective on Power Financial Corp from C$36.00 to C$38.00 in a research report on Thursday, March 2nd. CIBC upped their price objective on Power Financial Corp from C$36.00 to C$37.00 in a research report on Tuesday, February 14th. Finally, Barclays PLC upped their price objective on Power Financial Corp from C$32.00 to C$36.00 in a research report on Monday, March 20th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$36.17.
Shares of Power Financial Corp (TSE:PWF) traded down 0.28% during trading on Monday, hitting $35.27. The stock had a trading volume of 658,707 shares. The firm has a market capitalization of $25.16 billion and a P/E ratio of 13.77. Power Financial Corp has a 1-year low of $28.97 and a 1-year high of $36.43. The stock’s 50-day moving average price is $35.41 and its 200 day moving average price is $33.30.
About Power Financial Corp
Power Financial Corp is a Canada-based diversified management and holding company. It has operations in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc (Lifeco) and IGM Financial Inc (IGM). It operates through three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa).
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