Analyst Ratings Coverage
On Tuesday October 24th, RBC Capital Markets (Rank#3) issued a research report on Power Corporation, and lowered the 12 month target forecast on the stock to $41 from $45 per share, and maintained the “Sector Perform” rating on the stock.
POW Stock Forecast & Analysis
According to forecasts from ten financial analysts, the average analyst target price for Power Corporation Of Canada is CAD 41.33 over the next 12 months. This target price serves as a critical reference for investors, suggesting the expected value of the stock in the near future. It indicates that analysts anticipate the stock’s price will appreciate in the coming year.
Power Corporation Of Canada also enjoys a favorable average analyst rating of “Buy.” This rating signifies a positive outlook for the stock, suggesting that financial experts believe it represents a good investment opportunity. It typically implies that the stock is expected to perform well and generate returns for investors.
Stock Target Advisor, a well-known stock analysis platform, conducted its evaluation of Power Corporation Of Canada’s stock and classified it as “Slightly Bearish.” This classification is based on a comprehensive analysis of multiple indicators and signals. In this case, there are six positive signals and eight negative signals considered in the evaluation, leading to a cautious view of the stock’s prospects.
At the most recent closing, Power Corporation Of Canada’s stock price was CAD 32.87. The stock price has experienced notable fluctuations in recent periods. Over the past week, it declined by -5.95%, which suggests short-term market dynamics or specific factors impacting the stock. Over the past month, there was a more significant decrease of -11.07%, reflecting possible market adjustments or broader economic conditions. However, over the past year, the stock price exhibited resilience and registered a positive change of +2.65%, indicating long-term stability.
Final Stock Analysis
The consensus among financial analysts and the analysis by Stock Target Advisor offer a mixed perspective on Power Corporation Of Canada’s stock. While the average target price and analyst rating suggest a favorable outlook and an attractive investment, the “Slightly Bearish” classification by Stock Target Advisor, considering both positive and negative signals, indicates a more cautious sentiment.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
