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

Power Co. of Canada (TSE:POW)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

POW has been the topic of several recent research reports. TD Securities raised their target price on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday, November 14th. BMO Capital Markets raised their target price on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. National Bankshares raised their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, CIBC raised their target price on Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$47.31.

Power Co. of Canada Price Performance

The firm has a market cap of C$26.02 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The company’s 50-day moving average is C$45.01 and its 200-day moving average is C$42.90.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (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 business had revenue of C$5.29 billion for the quarter. Equities research analysts predict 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.