Power Co. of Canada (OTCMKTS:PWCDF) Receives Consensus Rating of “Hold” from Analysts

Power Co. of Canada (OTCMKTS:PWCDF) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

Several research analysts have recently weighed in on PWCDF shares. TD Securities cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Power Co. of Canada in a research note on Wednesday, April 29th. BMO Capital Markets restated 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 report on Wednesday, May 13th. 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 Trading Up 0.2%

OTCMKTS PWCDF opened at $65.10 on Friday. The company’s 50 day simple moving average is $61.53 and its two-hundred day simple moving average is $54.52. Power Co. of Canada has a 1 year low of $38.21 and a 1 year high of $70.74.

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.