Power Co. of Canada (TSE:POW) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Shares of Power Co. of Canada (TSE:POW - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$46.73 and traded as high as C$51.21. Power Co. of Canada shares last traded at C$50.66, with a volume of 2,311,110 shares traded.

Wall Street Analysts Forecast Growth

POW has been the topic of a number of research analyst reports. Cibc World Mkts upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Cfra Research raised Power Co. of Canada to a "hold" rating in a research report on Thursday, March 20th. BMO Capital Markets boosted their price target on Power Co. of Canada from C$49.00 to C$52.00 in a research report on Friday, March 14th. National Bankshares raised their price objective on Power Co. of Canada from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a report on Thursday, March 20th. Finally, Scotiabank reduced their price objective on Power Co. of Canada from C$62.00 to C$61.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Power Co. of Canada has a consensus rating of "Moderate Buy" and a consensus price target of C$54.13.

Power Co. of Canada Stock Performance

The firm has a fifty day moving average of C$49.92 and a 200 day moving average of C$46.92. The firm has a market capitalization of C$32.82 billion, a PE ratio of 14.50, a P/E/G ratio of 0.57 and a beta of 1.09.

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.