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

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

The stock of Power Corporation of Canada (TSE:POW) is a huge mover today! About 86,956 shares traded hands. Power Corporation of Canada (TSE:POW) has risen 0.17% since April 11, 2016 and is uptrending. It has underperformed by 3.76% the S&P500.
The move comes after 7 months negative chart setup for the $12.24B company. It was reported on Nov, 15 by Barchart.com. We have $27.92 PT which if reached, will make TSE:POW worth $612.00M less.

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 16.98% above today’s ($29.39) stock price. Power Corporation of Canada has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 10. As per Monday, August 10, the company rating was maintained by Scotia Capital. The firm has “Outperform” rating given on Friday, June 24 by BMO Capital Markets.

More news for Power Corporation of Canada (TSE:POW) were recently published by: Reuters.com, which released: “BRIEF-Power Corp of Canada Q3 earnings per share C$0.65” on November 11, 2016. Fool.ca‘s article titled: “Power Corporation of Canada: The Yield Is Not the Reason to Own it” and published on February 16, 2016 is yet another important article.

Power Corporation of Canada is a diversified management and holding company. The company has a market cap of $12.24 billion. The Firm has interest in the financial services, renewable energy, communications and other business sectors. It has a 14.67 P/E ratio. The Company’s principal asset is the controlling interest in Power Financial Corporation .

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