Power Co. of Canada (TSE:POW - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$48.08 and traded as high as C$52.00. Power Co. of Canada shares last traded at C$51.39, with a volume of 2,861,514 shares trading hands.
Analyst Ratings Changes
POW has been the topic of several analyst reports. CIBC downgraded Power Co. of Canada from an "outperform" rating to a "neutral" rating and set a C$55.00 price objective on the stock. in a report on Thursday, May 22nd. National Bankshares raised their target price on Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 20th. Scotiabank cut their price objective on Power Co. of Canada from C$61.00 to C$57.00 and set an "outperform" rating on the stock 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 research report on Thursday, May 22nd. Finally, TD Securities boosted their price target on Power Co. of Canada from C$54.00 to C$56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$54.13.
Check Out Our Latest Research Report on POW
Power Co. of Canada Stock Performance
The firm has a fifty day moving average price of C$50.71 and a two-hundred day moving average price of C$48.16. The stock has a market capitalization of C$33.42 billion, a P/E ratio of 14.76, a PEG ratio of 0.57 and a beta of 1.09.
Power Co. of Canada Company Profile
(
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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.
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