13:01:32 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Power Corp of Canada
Symbol POW
Shares Issued 611,173,933
Close 2023-05-23 C$ 35.66
Market Cap C$ 21,794,462,451
Recent Sedar Documents

Globe says Power Corp. maintained at "equal-weight"

2023-05-24 07:07 ET - In the News

The Globe and Mail reports in its Wednesday, May 24, edition that Barclays analyst John Aiken is sticking with his "equal-weight" recommendation for Power Corporation of Canada. The Globe's David Leeder writes in the Eye On Equities column that Mr. Aiken jacked his share target ahead by a loonie to $40. Analysts on average target the shares at $40.13. Mr. Aiken says in a note: "Power Corp. reported earnings that were below expectations, once again on the back of poor performance from its investment platforms, which continue to exhibit volatility. Power Corp.'s discount to NAV widened during the quarter as its share price increased at a slower rate than the flow-through contribution of its subsidiaries." The Globe reported on Nov. 11 and March 18 that RBC Capital Markets analyst Geoffrey Kwan had reaffirmed his "sector perform" call when Power shares could be had for $33.43 and $34.43. The Globe reported on March 9 that Scotia Capital analyst Phil Hardie had reaffirmed his "sector perform" call on Power when it could be had for $36.99.

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