Power Co. of Canada (OTCMKTS:PWCDF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Power Co. of Canada (OTCMKTS:PWCDF) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several equities research analysts recently issued reports on PWCDF shares. Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a research note on Friday, July 24th. TD Securities reissued a “hold” rating on shares of Power Co. of Canada in a research report on Friday, July 31st. BMO Capital Markets restated a “market perform” rating on shares of Power Co. of Canada in a research note on Friday, July 31st. Finally, Jefferies Financial Group raised Power Co. of Canada from a “hold” rating to a “buy” rating in a research report on Friday, July 31st.

Power Co. of Canada Price Performance

OTCMKTS PWCDF opened at $61.82 on Friday. The company’s fifty day simple moving average is $66.47 and its 200-day simple moving average is $61.17. Power Co. of Canada has a 52 week low of $41.92 and a 52 week high of $70.74.

Institutional Investors Weigh In On Power Co. of Canada

A hedge fund recently raised its position in Power Co. of Canada stock. Cullen Capital Management LLC raised its holdings in Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 886,766 shares of the company’s stock after purchasing an additional 18,490 shares during the period. Cullen Capital Management LLC’s holdings in Power Co. of Canada were worth $55,121,000 as of its most recent SEC filing. Institutional investors and hedge funds own 41.73% of the company’s stock.

Power Co. of Canada Company Profile

Power Corporation of Canada is a diversified international management and holding company focused primarily on financial services and asset management. Through its operating companies and strategic investments, the company has exposure to insurance, retirement and investment products, wealth management, and alternative investments.

Its principal holdings include Great-West Lifeco, which provides insurance, retirement, investment and related financial solutions; IGM Financial, which operates wealth management and investment management businesses; and Power Sustainable, an investment platform focused on sustainable and alternative assets.