Shares of Power Co. of Canada (OTCMKTS:PWCDF – Get Free Report) shot up 0.4% during trading on Monday . The stock traded as high as $49.58 and last traded at $49.2980. 24,715 shares changed hands during trading, a decline of 48% from the average session volume of 47,966 shares. The stock had previously closed at $49.08.
Analysts Set New Price Targets
Separately, Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Analysis on PWCDF
Power Co. of Canada Stock Performance
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.
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