The Globe and Mail reports in its Thursday, June 19, edition that RBC Dominion Securities analyst Bart Dziarski rates Power Corp. of Canada "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dziarski set a share target of $57. Analysts on average target the shares at $55.50. Mr. Dziarski says in a note: "We view Power Corp. of Canada's current discount to net asset value being too wide given i) Power Corp. simplifying its organizational structure over the last five years, ii) Great-West Lifeco, IGM Financial and GBL repositioning their businesses and sporting respectable growth outlooks, and iii) growing alternatives platform providing upside optionality. Since 2019, Power Corp. has been actively surfacing value with $3.6-billion of asset monetizations to simplify its equity story, redeploy capital into seed investments within its alternatives platform and return capital to shareholders via NCIB and growing dividends. We expect further value-enhancing transactions over time. We see valuation upside potential driven by NAV growth, NAV discount narrowing and an attractive 4.7-per-cent dividend yield."
© 2025 Canjex Publishing Ltd. All rights reserved.