What’s Next for Power Financial Corp After Today’s Huge Increase?


 What's Next for Power Financial Corp After Today's Huge Increase?

The stock of Power Financial Corp (TSE:PWF) is a huge mover today! About 108,378 shares traded hands. Power Financial Corp (TSE:PWF) has declined 2.94% since March 10, 2016 and is downtrending. It has underperformed by 8.55% the S&P500.
The move comes after 9 months positive chart setup for the $22.07 billion company. It was reported on Oct, 17 by Barchart.com. We have $51.15 PT which if reached, will make TSE:PWF worth $14.35 billion more.

Power Financial Corp (TSE:PWF) Ratings Coverage

Out of 2 analysts covering Power Financial Corporation (TSE:PWF), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $40.50 is the highest target while $35 is the lowest. The $36.90 average target is 19.03% above today’s ($31) stock price. Power Financial Corporation has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Monday, August 10, the company rating was maintained by Scotia Capital. The firm has “Sector Perform” rating by IBC given on Monday, August 10.

More notable recent Power Financial Corp (TSE:PWF) news were published by: Fool.ca which released: “3 Reasons to Load Up on Power Financial Corp. (and 1 Reason to Be Cautious)” on June 29, 2016, also Fool.ca with their article: “Power Financial Corp.: This Boring Stock Could Make You Rich” published on June 06, 2016, Fool.ca published: “3 Reasons Investors Should Be Bullish on Power Financial Corp.” on March 11, 2016. More interesting news about Power Financial Corp (TSE:PWF) were released by: Forbes.com and their article: “Relative Strength Alert For Power Financial (PWF)” published on June 27, 2016 as well as Seekingalpha.com‘s news article titled: “Power Financial Corporation (POFNF) CEO Jeffrey Orr Presents at Scotiabank GBM …” with publication date: September 15, 2016.

Power Financial Corporation is a diversified management and holding company. The company has a market cap of $22.07 billion. The Firm has activities in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc. and IGM Financial Inc. (IGM). It has a 11.71 P/E ratio. It operates through three divisions: Lifeco, IGM and Pargesa Holding SA (Pargesa).

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