Power Co. of Canada (TSE:POW) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Power Co. of Canada shares rose above their 200-day moving average, reaching C$92.30 and closing at C$92.12, compared with a 200-day average of C$79.75.
• Analyst sentiment is mixed but generally positive: the stock has a consensus rating of “Moderate Buy” and an average price target of C$86.60, with recent target changes ranging from C$79 to C$90.
• In its latest quarter, Power Co. reported C$1.55 in EPS and C$11.70 billion in revenue, alongside a 7.72% net margin and 10.91% return on equity.

Power Co. of Canada (TSE:POW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$79.75 and traded as high as C$92.30. Power Co. of Canada shares last traded at C$92.12, with a volume of 1,873,771 shares trading hands.

Analysts Set New Price Targets

POW has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on shares of Power Co. of Canada from C$69.00 to C$79.00 and gave the company a "market perform" rating in a research report on Tuesday, May 12th. Jefferies Financial Group upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Scotia increased their price target on Power Co. of Canada from C$79.00 to C$90.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 14th. TD Securities cut Power Co. of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada raised their price objective on Power Co. of Canada from C$86.00 to C$87.00 and gave the company an "outperform" rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Power Co. of Canada has a consensus rating of "Moderate Buy" and an average target price of C$86.60.

Power Co. of Canada Price Performance

The company has a 50 day moving average price of C$91.56 and a 200-day moving average price of C$79.75. The company has a quick ratio of 107.64, a current ratio of 0.71 and a debt-to-equity ratio of 87.52. The company has a market cap of C$57.83 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 0.57 and a beta of 0.73.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share (EPS) for the quarter. Power Co. of Canada had a net margin of 7.72% and a return on equity of 10.91%. The business had revenue of C$11.70 billion during the quarter. As a group, equities research analysts predict that Power Co. of Canada will post 4.9289678 EPS for the current fiscal year.

Power Co. of Canada Company Profile

Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms.

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