Desjardins Reiterates a Hold Rating on Power Financial

By Austin Angelo

Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst Doug Young from Desjardins reiterated a Hold rating on Power Financial (TSX: PWF), with a C$38 price target.

Young has an average return of 11.3% when recommending Power Financial.

According to TipRanks.com, Young is ranked #762 out of 4561 analysts.

Currently, the analyst consensus on Power Financial is Hold and the average price target is C$36.67, representing an 12.0% upside.

In a report issued on May 2, Scotiabank also maintained a Hold rating on the stock with a C$38 price target.

Power Financial’s market cap is currently C$23.46B and has a P/E ratio of 12.2.

Power Financial Corp. operates as a management and holding company, through its controlling interests in Lifeco and IGM, in the financial services sector in Canada, the United States, and Europe. The company was founded on April 5, 1940 and is headquartered in Montréal, Canada.

The company’s shares closed last Monday at $32.75.