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

Power Co. of Canada (TSE:POW)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$78.53 and traded as high as C$94.70. Power Co. of Canada shares last traded at C$94.06, with a volume of 800,817 shares.

Wall Street Analysts Forecast Growth

POW has been the subject of several research analyst reports. TD Securities cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. TD upped their price target on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a report on Friday, July 31st. National Bank Financial increased their price objective on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Finally, Desjardins upped their target price on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$86.60.

Power Co. of Canada Price Performance

The stock has a market capitalization of C$57.03 billion, a P/E ratio of 22.38, a PEG ratio of 0.57 and a beta of 0.73. The company has a 50 day moving average of C$91.11 and a 200-day moving average of C$78.70. The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share (EPS) for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. The company had revenue of C$11.70 billion for the quarter. Sell-side analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current year.

Power Co. of Canada Company Profile

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.