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

Power Co. of Canada (TSE:POW) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.90 and traded as high as C$44.03. Power Co. of Canada shares last traded at C$43.92, with a volume of 955,196 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on POW shares. BMO Capital Markets lifted their target price on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. TD Securities lifted their target price on Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. CIBC lifted their target price on Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday, November 13th. Finally, National Bankshares lifted their target price on 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. 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, Power Co. of Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$47.31.

Power Co. of Canada Stock Performance

The firm has a market cap of C$26.02 billion, a PE ratio of 10.00, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The stock has a 50-day moving average price of C$45.01 and a 200 day moving average price of C$42.90.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data 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%. Research analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current year.

About Power Co. of Canada

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.