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

Shares of Power Co. of Canada (TSE:POW) crossed 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 trading hands.

Analyst Ratings Changes

POW has been the subject of a number of analyst reports. TD Securities boosted their price objective on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. BMO Capital Markets lifted their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. National Bankshares boosted their target price 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 research report on Wednesday, October 30th. Finally, CIBC raised their price target on Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$47.31.

Power Co. of Canada Stock Down 0.0 %

The firm’s 50-day simple moving average is C$45.61 and its 200-day simple moving average is C$41.90. The company has a market capitalization of C$26.72 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth 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.

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