Power Financial (PWF) Price Target Lowered to C$31.00 at BMO Capital Markets

Power Financial (TSE:PWF) had its target price decreased by research analysts at BMO Capital Markets from C$34.00 to C$31.00 in a research report issued to clients and investors on Tuesday. BMO Capital Markets’ price objective suggests a potential upside of 8.01% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. CIBC upped their price target on shares of Power Financial from C$36.50 to C$37.00 in a research note on Tuesday, August 7th. Barclays decreased their price target on shares of Power Financial from C$36.00 to C$34.00 in a research note on Friday, July 27th. TD Securities upgraded shares of Power Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$36.00 to C$37.00 in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Power Financial from C$37.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 7th.

Shares of PWF stock traded down C$0.37 on Tuesday, hitting C$28.70. The company’s stock had a trading volume of 499,204 shares, compared to its average volume of 497,791. Power Financial has a fifty-two week low of C$27.74 and a fifty-two week high of C$37.00.

Power Financial (TSE:PWF) last released its quarterly earnings results on Friday, August 3rd. The financial services provider reported C$0.92 EPS for the quarter.

In other Power Financial news, Director Robert Jeffrey Orr sold 25,000 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of C$31.08, for a total transaction of C$777,000.00.

Power Financial Company Profile

Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, accidental death and dismemberment, health and dental protection, creditor, and direct marketing insurance products, as well as specialty products; and wealth accumulation and annuity products.

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