14:56:58 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Power Corp of Canada
Symbol POW
Shares Issued 595,516,064
Close 2024-03-15 C$ 38.72
Market Cap C$ 23,058,381,998
Recent Sedar Documents

Globe says BMO keeps Power Corp. at "market perform"

2024-03-15 08:52 ET - In the News

The Globe and Mail reports in its Friday, March 15, edition that BMO Capital analyst Tom MacKinnon continues to rate Power Corp. of Canada "market perform." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. MacKinnon boosted his share target by $3 to $41. Mr. MacKinnon raised its share target and earnings estimates on Power after better-than-expected results at its Great-West Lifeco unit. Mr. MacKinnon says in a note: "We increase our Q4/23E adjusted EPS estimate to $1.08 from $1.05 (vs. $1.06 consensus), reflecting better-than-expected base EPS results from Great-West, partially offset by a weaker contribution from GBLB based on its Q4/23 results. 2024E adjusted EPS increases to $4.55 from $4.49 reflecting our increased Great-West estimates. We introduce 2025E adjusted EPS of $4.97." Power reports earnings in the post market this coming Wednesday. The Globe reported on Aug. 10, 2022, that Mr. MacKinnon had reaffirmed his "market perform" call on Power Corp. It was then worth $33.92. The Globe reported on Nov. 16, 2023, that Desjardins Securities analyst Doug Young had upgraded Power Corp. to "buy" from "hold." The shares could then be had for $36.27.

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