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

Power Co. of Canada (TSE:POW)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$77.52 and traded as high as C$95.46. Power Co. of Canada shares last traded at C$95.38, with a volume of 3,547,822 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on POW shares. TD Securities lowered shares of Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Desjardins lifted their price objective on 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. National Bank Financial boosted their price objective on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Royal Bank Of Canada upped their target price on Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, Scotia raised 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 equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$86.60.

Power Co. of Canada Stock Performance

The firm’s 50 day moving average is C$89.86 and its 200-day moving average is C$77.67. The stock has a market capitalization of C$58.98 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 0.57 and a beta of 0.73. The company has a debt-to-equity ratio of 87.52, a quick ratio of 107.64 and a current ratio of 0.71.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results 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 company had revenue of C$11.70 billion for the quarter. Analysts forecast that Power Co. of Canada will post 4.9289678 earnings per share for the current fiscal 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.