Power Co. of Canada (OTCMKTS:PWCDF) Given Consensus Recommendation of “Hold” by Analysts

Power Co. of Canada (OTCMKTS:PWCDF) has received an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

A number of equities research analysts recently weighed in on the stock. TD Securities cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a research report on Thursday, May 14th. BMO Capital Markets reissued a “market perform” rating on shares of Power Co. of Canada in a research report on Tuesday, May 12th. Desjardins restated a “buy” rating on shares of Power Co. of Canada in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Power Co. of Canada in a research note on Wednesday, April 29th. Finally, Scotiabank restated an “outperform” rating on shares of Power Co. of Canada in a research note on Tuesday, April 28th.

Power Co. of Canada Price Performance

Shares of PWCDF opened at $59.53 on Friday. Power Co. of Canada has a 1-year low of $36.72 and a 1-year high of $60.96. The firm has a fifty day moving average price of $54.51 and a 200 day moving average price of $51.89.

Power Co. of Canada Company Profile

Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.

The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.