Power Co. of Canada (TSE:POW) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Power Co. of Canada (TSE:POW)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$41.90 and traded as high as C$45.65. Power Co. of Canada shares last traded at C$45.10, with a volume of 8,005,753 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on POW. CIBC upped their target price on shares of Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday, November 13th. BMO Capital Markets boosted their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday, November 12th. National Bankshares raised their price objective on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, TD Securities lifted their target price on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$47.31.

Power Co. of Canada Stock Down 0.0 %

The stock has a market cap of C$26.72 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78. The firm’s 50-day simple moving average is C$45.61 and its two-hundred day simple moving average is C$41.90.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing the consensus estimate of C$1.14 by C($0.32). Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The company had revenue of C$5.29 billion for the quarter. On average, sell-side analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.