Power Financial Corp (PWF) Price Target Cut to C$35.00

Power Financial Corp (TSE:PWF) had its target price reduced by equities researchers at Royal Bank of Canada from C$36.00 to C$35.00 in a note issued to investors on Monday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 0.84% from the company’s current price.

Several other equities research analysts also recently commented on PWF. Desjardins downgraded shares of Power Financial Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. CIBC upped their price objective on shares of Power Financial Corp from C$36.00 to C$37.00 in a research report on Tuesday, February 14th. Finally, Barclays PLC upped their price objective on shares of Power Financial Corp from C$32.00 to C$36.00 in a research report on Monday, March 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$36.17.

Analyst Recommendations for Power Financial Corp (TSE:PWF)

Power Financial Corp (TSE:PWF) traded up 1.22% on Monday, reaching $34.71. The company’s stock had a trading volume of 591,225 shares. The firm’s 50 day moving average is $35.13 and its 200-day moving average is $33.82. Power Financial Corp has a 12 month low of $28.97 and a 12 month high of $36.46. The firm has a market cap of $24.76 billion and a P/E ratio of 12.93.

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Power Financial Corp Company Profile

Power Financial Corp is a Canada-based diversified management and holding company. It has operations in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc (Lifeco) and IGM Financial Inc (IGM). It operates through three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa).

Stock Target Prices

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