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

Power Co. of Canada (TSE:POW)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$92.86 and traded as high as C$94.86. Power Co. of Canada shares last traded at C$94.57, with a volume of 1,841,936 shares changing hands.

Analysts Set New Price Targets

POW has been the subject of several recent research reports. TD boosted their price target on Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. National Bank Financial raised 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 research report on Monday, July 27th. Jefferies Financial Group upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Desjardins boosted their target price on shares of Power Co. of Canada from C$102.00 to C$104.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$88.30.

Power Co. of Canada Stock Performance

The firm has a fifty day moving average price of C$93.00 and a 200 day moving average price of C$82.78. The company has a debt-to-equity ratio of 87.52, a quick ratio of 107.64 and a current ratio of 0.71. The stock has a market cap of C$58.33 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.57 and a beta of 0.57.

Power Co. of Canada (TSE:POW) last announced its earnings results on Wednesday, November 11th. The financial services provider reported C$1.53 earnings per share for the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%. The firm had revenue of C$10.81 billion for the quarter. Research analysts forecast that Power Co. of Canada will post 4.93 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.