Power Co. of Canada (TSE:POW) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Power Co. of Canada (TSE:POW) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$44.73 and traded as high as C$48.45. Power Co. of Canada shares last traded at C$48.22, with a volume of 2,035,135 shares.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Securities upped their target price on shares of Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. CIBC upgraded Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. Cibc World Mkts raised Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Jefferies Financial Group boosted their price target on Power Co. of Canada from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Desjardins upped their price target on Power Co. of Canada from C$49.00 to C$53.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$50.69.

Power Co. of Canada Trading Up 0.1 %

The company’s 50-day moving average is C$45.78 and its two-hundred day moving average is C$44.73. The stock has a market capitalization of C$30.82 billion, a P/E ratio of 13.62, a P/E/G ratio of 0.57 and a beta of 1.09.

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.