The stock of Power Corporation of Canada (TSE:POW) is a huge mover today! About 141,957 shares traded hands. Power Corporation of Canada (TSE:POW) has declined 3.23% since March 24, 2016 and is downtrending. It has underperformed by 6.70% the S&P500.
The move comes after 6 months positive chart setup for the $11.93B company. It was reported on Oct, 31 by Barchart.com. We have $35.95 PT which if reached, will make TSE:POW worth $2.86 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 18.59% above today’s ($28.99) stock price. Power Corporation of Canada has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, June 24 by BMO Capital Markets. The stock of Power Corporation of Canada (TSE:POW) earned “Sector Perform” rating by RBC Capital Markets on Monday, August 10. The rating was maintained by Scotia Capital on Monday, August 10 with “Outperform”.
More important 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 Forbes.com published article titled: “Power Corp. of Canada (POW) Shares Cross 5% Yield Mark”, 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) was released by: Fool.ca and their article: “Forget BCE Inc.: Get These 2 Stocks for the Price of 1” with publication date: September 13, 2016.
Power Corporation of Canada is a diversified management and holding company. The company has a market cap of $11.93 billion. The Firm has interest in the financial services, renewable energy, communications and other business sectors. It has a 11.87 P/E ratio. The Company’s principal asset is the controlling interest in Power Financial Corporation .
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