Power Co. of Canada (TSE:POW) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Power Co. of Canada (TSE:POW - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$54.78 and traded as high as C$63.22. Power Co. of Canada shares last traded at C$63.04, with a volume of 3,851,175 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on POW shares. Jefferies Financial Group cut shares of Power Co. of Canada from a "buy" rating to a "hold" rating and lifted their target price for the stock from C$57.00 to C$60.00 in a report on Monday, August 11th. TD Securities lifted their target price on shares of Power Co. of Canada from C$56.00 to C$62.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Royal Bank Of Canada lifted their target price on shares of Power Co. of Canada from C$58.00 to C$59.00 in a report on Wednesday, October 15th. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$55.00 to C$56.00 and gave the company a "sector perform" rating in a report on Tuesday, July 29th. Finally, Desjardins boosted their price objective on shares of Power Co. of Canada from C$60.00 to C$65.00 and gave the company a "buy" rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$60.00.

Power Co. of Canada Stock Up 1.3%

The firm has a market capitalization of C$40.43 billion, a PE ratio of 15.15, a PEG ratio of 0.57 and a beta of 0.91. The stock's fifty day simple moving average is C$59.31 and its 200 day simple moving average is C$54.78.

Power Co. of Canada Company Profile

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).

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