Power Co. of Canada (TSE:POW) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Power Co. of Canada (TSE:POW)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$80.82 and traded as high as C$95.73. Power Co. of Canada shares last traded at C$95.28, with a volume of 1,587,052 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TD Securities cut shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. National Bank Financial boosted their price target on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Desjardins increased their price objective on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the company a “buy” rating in a report on Thursday, May 14th. TD raised their price objective on Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Finally, Scotia lifted their target price on Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$86.60.

Power Co. of Canada Trading Up 1.3%

The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52. The stock’s 50 day moving average is C$92.17 and its 200-day moving average is C$80.82. The company has a market cap of C$59.81 billion, a PE ratio of 23.47, a P/E/G ratio of 0.57 and a beta of 0.65.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported C$1.55 EPS for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. The business had revenue of C$11.70 billion during the quarter. As a group, sell-side analysts anticipate 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.