Power Co. of Canada (OTCMKTS:PWCDF) Given Average Rating of “Hold” by Analysts

Power Co. of Canada (OTCMKTS:PWCDF) has received an average rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several research firms recently weighed in on PWCDF. Royal Bank Of Canada restated an “outperform” rating on shares of Power Co. of Canada in a research report on Thursday, May 14th. BMO Capital Markets reissued a “market perform” rating on shares of Power Co. of Canada in a research note on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of Power Co. of Canada in a report on Tuesday, April 28th. TD Securities cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Power Co. of Canada in a report on Wednesday, April 29th.

Power Co. of Canada Trading Up 0.8%

Shares of PWCDF opened at $65.50 on Friday. Power Co. of Canada has a 12-month low of $38.21 and a 12-month high of $70.74. The stock has a 50-day moving average price of $61.24 and a 200-day moving average price of $54.35.

Power Co. of Canada Company Profile

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.