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

Key Points

• Power Co. of Canada stock recently surpassed its 200-day moving average, trading at C$56.82 with a significant volume of 1,849,248 shares.
• Multiple analysts have provided mixed ratings, with four analysts issuing a buy rating and four giving a hold rating, while the average target price is C$55.75.
• The company's market capitalization stands at C$36.32 billion, with a P/E ratio of 16.04, suggesting a moderate valuation in the financial services sector.

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$50.45 and traded as high as C$56.93. Power Co. of Canada shares last traded at C$56.82, with a volume of 1,849,248 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on POW. National Bankshares lifted 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 research report on Tuesday, July 29th. Cibc World Mkts cut shares of Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Jefferies Financial Group boosted their target price on Power Co. of Canada from C$55.00 to C$56.00 in a research report on Monday, April 21st. BMO Capital Markets increased their target price on Power Co. of Canada from C$52.00 to C$54.00 in a research note on Thursday, May 22nd. Finally, TD Securities lifted their price target on Power Co. of Canada from C$54.00 to C$56.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$55.75.

Power Co. of Canada Trading Up 1.1%

The firm has a 50 day moving average of C$53.49 and a two-hundred day moving average of C$50.45. The stock has a market capitalization of C$36.32 billion, a PE ratio of 16.04, a P/E/G ratio of 0.57 and a beta of 1.09.

About Power Co. of Canada

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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