Power Co. of Canada (OTCMKTS:PWCDF) Shares Down 0.3% – Here’s What Happened

Shares of Power Co. of Canada (OTCMKTS:PWCDF) traded down 0.3% during trading on Thursday . The company traded as low as $50.9240 and last traded at $50.96. 26,030 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 28,796 shares. The stock had previously closed at $51.10.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PWCDF shares. Scotiabank restated an “outperform” rating on shares of Power Co. of Canada in a research report on Tuesday, October 28th. National Bankshares reiterated a “sector perform” rating on shares of Power Co. of Canada in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Power Co. of Canada Stock Down 0.3%

The company’s 50 day moving average price is $52.09 and its 200 day moving average price is $46.30.

About Power Co. of Canada

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.