Does Power Corporation of Canada Have Any Gas After Today’s Huge Increase?

 Does Power Corporation of Canada Have Any Gas After Today's Huge Increase?

The stock of Power Corporation of Canada (TSE:POW) is a huge mover today! About 42,774 shares traded hands. Power Corporation of Canada (TSE:POW) has declined 2.19% since April 20, 2016 and is downtrending. It has underperformed by 7.60% the S&P500.
The move comes after 6 months positive chart setup for the $12.54B company. It was reported on Nov, 24 by Barchart.com. We have $32.43 PT which if reached, will make TSE:POW worth $1.00 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 14.49% above today’s ($30.03) 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. Scotia Capital maintained Power Corporation of Canada (TSE:POW) rating on Monday, August 10. Scotia Capital has “Outperform” rating and $37.50 price target. The firm earned “Sector Perform” rating on Monday, August 10 by RBC Capital Markets.

More news for Power Corporation of Canada (TSE:POW) were recently published by: Fool.ca, which released: “Power Corporation of Canada: The Yield Is Not the Reason to Own it” on February 16, 2016. Forbes.com‘s article titled: “Power Corp. of Canada (POW) Shares Cross 5% Yield Mark” and published on June 27, 2016 is yet another important article.

Power Corporation of Canada is a diversified management and holding company. The company has a market cap of $12.54 billion. The Firm has interest in the financial services, renewable energy, communications and other business sectors. It has a 14.99 P/E ratio. The Company’s principal asset is the controlling interest in Power Financial Corporation .

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