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

Power Co. of Canada (TSE:POW - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$47.22 and traded as high as C$51.15. Power Co. of Canada shares last traded at C$50.40, with a volume of 1,319,270 shares.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on POW. Cfra Research raised Power Co. of Canada to a "hold" rating in a research report on Thursday, March 20th. Scotiabank cut their target price on shares of Power Co. of Canada from C$62.00 to C$61.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. TD Securities upped their target price on shares of Power Co. of Canada from C$53.00 to C$54.00 and gave the company a "buy" rating in a report on Thursday, March 20th. CIBC upgraded shares of Power Co. of Canada from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from C$48.00 to C$55.00 in a research note on Friday, February 7th. Finally, Jefferies Financial Group upped their price objective on Power Co. of Canada from C$55.00 to C$56.00 in a research note on Monday, April 21st. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$54.38.

Power Co. of Canada Trading Up 0.2%

The company has a market cap of C$31.95 billion, a PE ratio of 14.12, a PEG ratio of 0.57 and a beta of 1.09. The business's 50 day moving average is C$50.12 and its two-hundred day moving average is C$47.32.

Power Co. of Canada Company Profile

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.