Power Financial (PWF) Hits New 52-Week Low at $28.05
Shares of Power Financial Corp (TSE:PWF) reached a new 52-week low on Tuesday . The company traded as low as C$28.05 and last traded at C$28.32, with a volume of 412803 shares trading hands. The stock had previously closed at C$28.36.
A number of analysts recently weighed in on PWF shares. Barclays lowered their target price on shares of Power Financial from C$36.00 to C$34.00 in a research note on Friday, July 27th. CIBC upped their target price on shares of Power Financial from C$36.50 to C$37.00 in a research note on Tuesday, August 7th. Royal Bank of Canada lowered their target price 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. Finally, TD Securities raised shares of Power Financial from a “hold” rating to a “buy” rating and upped their target price for the company from C$36.00 to C$37.00 in a research note on Wednesday, August 8th.
Power Financial (TSE:PWF) last issued its quarterly earnings data on Friday, August 3rd. The financial services provider reported C$0.92 earnings per share for the quarter. Power Financial had a net margin of 7.11% and a return on equity of 10.62%.
In other Power Financial news, Director Robert Jeffrey Orr sold 25,000 shares of the company’s 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.
About Power Financial (TSE:PWF)
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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