Power Co. of Canada (TSE:POW) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Power Co. of Canada (TSE:POW) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$79.75 and traded as high as C$92.30. Power Co. of Canada shares last traded at C$92.12, with a volume of 1,873,771 shares changing hands.

Wall Street Analyst Weigh In

POW has been the subject of several recent analyst reports. National Bank Financial raised their price objective on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. BMO Capital Markets raised their price target on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Desjardins upped their price objective on Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, May 14th. TD increased their price objective on Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Finally, Scotia raised their target price on Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$86.60.

Power Co. of Canada Stock Performance

The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52. The company has a market capitalization of C$57.92 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The stock’s fifty day simple moving average is C$91.62 and its 200-day simple moving average is C$79.83.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share for the quarter. The business had revenue of C$11.70 billion for the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%. Analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current year.

Power Co. of Canada Company Profile

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.