Shares of Power Co. of Canada (TSE:POW - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$47.87 and traded as high as C$52.34. Power Co. of Canada shares last traded at C$51.73, with a volume of 2,193,829 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on POW. BMO Capital Markets increased their price objective on Power Co. of Canada from C$52.00 to C$54.00 in a research report on Thursday, May 22nd. Cibc World Mkts cut Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Desjardins raised their price objective on Power Co. of Canada from C$49.00 to C$53.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. CIBC cut shares of Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 target price on the stock. in a research report on Thursday, May 22nd. Finally, Cfra Research raised shares of Power Co. of Canada to a "hold" rating in a research note on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$54.13.
Check Out Our Latest Research Report on Power Co. of Canada
Power Co. of Canada Stock Performance
The company's 50-day simple moving average is C$50.57 and its 200 day simple moving average is C$47.92. The company has a market cap of C$33.26 billion, a PE ratio of 14.69, a PEG ratio of 0.57 and a beta of 1.09.
About Power Co. of Canada
(
Get Free Report)
Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.
Further Reading
Before you consider Power Co. of Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Power Co. of Canada wasn't on the list.
While Power Co. of Canada currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
