Power Co. of Canada (TSE:POW) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Power Co. of Canada (TSE:POW) shares have recently traded above their 200-day moving average of C$53.04, reaching a peak of C$58.83.
• Research analysts have provided mixed ratings on the stock, with three maintaining a "Buy" rating and six assigning a "Hold" rating; the consensus target price is C$59.25.
• The company's market capitalization stands at C$37.67 billion with a price-to-earnings ratio of 14.12, indicating its financial performance relative to its stock price.

Power Co. of Canada (TSE:POW - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$53.04 and traded as high as C$58.83. Power Co. of Canada shares last traded at C$58.74, with a volume of 4,268,997 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on POW. National Bankshares raised their price objective on shares of Power Co. of Canada from C$55.00 to C$56.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 29th. Scotiabank lifted their price target on shares of Power Co. of Canada from C$59.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Royal Bank Of Canada cut shares of Power Co. of Canada from a "moderate buy" rating to a "hold" rating and lifted their price target for the stock from C$57.00 to C$58.00 in a research report on Monday, August 11th. TD Securities lifted their price target on shares of Power Co. of Canada from C$56.00 to C$62.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$54.00 to C$58.00 in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$59.25.

Power Co. of Canada Stock Up 0.7%

The stock has a market cap of C$37.19 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.57 and a beta of 0.96. The stock's fifty day moving average is C$56.93 and its 200-day moving average is C$53.12.

Power Co. of Canada Company Profile

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada's largest nonbank asset manager), and Pargesa (a holding company with interests in European companies).