Power Co. of Canada (OTCMKTS:PWCDF) Trading 2.3% Higher – Should You Buy?

Power Co. of Canada (OTCMKTS:PWCDF)’s share price rose 2.3% during trading on Monday . The company traded as high as $53.94 and last traded at $53.4778. Approximately 51,354 shares changed hands during trading, an increase of 32% from the average daily volume of 38,927 shares. The stock had previously closed at $52.28.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a research note on Tuesday, October 28th. National Bankshares restated a “sector perform” rating on shares of Power Co. of Canada in a report on Monday, October 27th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Power Co. of Canada Stock Performance

The business has a 50 day moving average of $50.72 and a 200-day moving average of $44.76.

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.