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

Key Points

• Technical breakout: Shares of Power Co. of Canada moved above their 200‑day moving average (200‑day MA C$68.55), trading as high as C$73.07 and last at C$73.04 on heavy volume.
• Analysts turning more bullish: Multiple firms (RBC, TD, Jefferies, CIBC, National Bank) have raised ratings or price targets recently, leaving a consensus rating of "Moderate Buy" and a consensus target of C$75.38.
• Fundamentals and valuation: The firm has a market cap of C$46.22B, a P/E of 18.54, and reported quarterly EPS of C$1.36 on C$8.84B revenue, metrics that underpin analyst optimism.

Shares of Power Co. of Canada (TSE:POW - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$68.55 and traded as high as C$73.07. Power Co. of Canada shares last traded at C$73.04, with a volume of 2,977,762 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on POW shares. Royal Bank Of Canada upgraded Power Co. of Canada from a "hold" rating to a "moderate buy" rating and lifted their price target for the stock from C$69.00 to C$73.00 in a research report on Friday, March 20th. TD Securities upgraded Power Co. of Canada from a "hold" rating to a "buy" rating and set a C$74.00 price target for the company in a research report on Friday, March 20th. National Bank Financial lifted their price target on Power Co. of Canada from C$69.00 to C$77.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 4th. Jefferies Financial Group lifted their price target on Power Co. of Canada from C$68.00 to C$73.00 in a research report on Friday, March 20th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Power Co. of Canada from C$75.00 to C$78.00 and gave the stock a "hold" rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$75.38.

Power Co. of Canada Price Performance

The company has a current ratio of 1.44, a quick ratio of 107.64 and a debt-to-equity ratio of 105.91. The firm has a market cap of C$46.22 billion, a P/E ratio of 18.54, a PEG ratio of 0.57 and a beta of 0.67. The firm has a 50-day simple moving average of C$68.04 and a 200-day simple moving average of C$68.55.

Power Co. of Canada (TSE:POW - Get Free Report) last announced its earnings results on Wednesday, March 18th. The financial services provider reported C$1.36 earnings per share (EPS) for the quarter. The business had revenue of C$8.84 billion for the quarter. Power Co. of Canada had a return on equity of 10.81% and a net margin of 6.98%. As a group, analysts forecast that Power Co. of Canada will post 4.9289678 EPS for the current year.

About Power Co. of Canada

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). Power Corp. bought out the remaining shares of Power Financial in February 2020.

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