Could Power Corporation of Canada Change Direction After Today’s Huge Increase?

 Could Power Corporation of Canada Change Direction After Today's Huge Increase?

The stock of Power Corporation of Canada (TSE:POW) is a huge mover today! About 150,012 shares traded hands. Power Corporation of Canada (TSE:POW) has declined 1.09% since March 10, 2016 and is downtrending. It has underperformed by 6.70% the S&P500.
The move comes after 6 months positive chart setup for the $11.69B company. It was reported on Oct, 17 by Barchart.com. We have $37.36 PT which if reached, will make TSE:POW worth $3.74 billion more.

Power Corporation of Canada (TSE:POW) Ratings Coverage

Out of 3 analysts covering Power Corporation of Canada (TSE:POW), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $37.50 is the highest target while $33 is the lowest. The $34.38 average target is 21.48% above today’s ($28.3) stock price. Power Corporation of Canada has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by BMO Capital Markets given on Friday, June 24. On Monday, August 10 the stock rating was maintained by Scotia Capital with “Outperform”. The company was maintained on Monday, August 10 by RBC Capital Markets.

More notable recent Power Corporation of Canada (TSE:POW) news were published by: Fool.ca which released: “Power Corporation of Canada: The Yield Is Not the Reason to Own it” on February 16, 2016, also Nasdaq.com with their article: “Power Corp. of Canada’s Non-Cumulative First Preferred Shares, Series A Goes …” published on September 19, 2016, Wsj.com published: “Canada’s Desmarais Clan: A New Generation Takes Control” on August 22, 2016. More interesting news about Power Corporation of Canada (TSE:POW) were released by: Fool.ca and their article: “Forget BCE Inc.: Get These 2 Stocks for the Price of 1” published on September 13, 2016 as well as Theglobeandmail.com‘s news article titled: “Canadian stocks take stage as deepest value names” with publication date: September 18, 2016.

Power Corporation of Canada is a diversified management and holding company. The company has a market cap of $11.69 billion. The Firm has interest in the financial services, renewable energy, communications and other business sectors. It has a 11.59 P/E ratio. The Company’s principal asset is the controlling interest in Power Financial Corporation .

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