Power Co. of Canada (TSE:POW) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Power Co. of Canada shares rose above their 200-day moving average, reaching C$95.46 and closing near C$95.38 on trading volume of about 3.55 million shares.
• Analyst sentiment remains favorable but measured, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of C$86.60; recent targets range from C$87 to C$101.
• The company reported quarterly EPS of C$1.55 on revenue of C$11.70 billion, with a 7.72% net margin and 10.91% return on equity.

Power Co. of Canada (TSE:POW - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

POW has been the subject of a number of analyst reports. TD lifted their target price on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a "hold" rating in a report on Friday, July 31st. Royal Bank Of Canada increased their price target on Power Co. of Canada from C$86.00 to C$87.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. TD Securities lowered Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Scotia lifted their price objective on Power Co. of Canada from C$79.00 to C$90.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 14th. Finally, Desjardins upped 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 report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$86.60.

Power Co. of Canada Stock Up 2.0%

The firm has a market cap of C$59.87 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The firm's 50 day moving average is C$89.67 and its two-hundred day moving average is C$77.52. The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported C$1.55 EPS for the quarter. The firm had revenue of C$11.70 billion during the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. As a group, research analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

About Power Co. of Canada

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.

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