Power Co. of Canada (TSE:POW) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Power Co. of Canada shares rose above their 200-day moving average, reaching C$95.73 and last trading at C$95.28, compared with the C$80.82 long-term average.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating. Recent price targets range from C$87 to C$102, though the consensus target of C$86.60 is below the current share price.
• The company reported quarterly EPS of C$1.55 on revenue of C$11.70 billion, with a 10.91% return on equity and a 7.72% net margin.

Power Co. of Canada (TSE:POW - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$80.82 and traded as high as C$95.73. Power Co. of Canada shares last traded at C$95.28, with a volume of 1,587,052 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on POW. Scotia boosted their price objective on Power Co. of Canada from C$79.00 to C$90.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 14th. National Bank Financial raised their target price on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a "sector perform" rating in a research note on Monday, July 27th. Jefferies Financial Group upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Desjardins lifted their price objective on shares of Power Co. of Canada from C$81.00 to C$87.00 and gave the company a "buy" rating in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada boosted their target price on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Power Co. of Canada presently has a consensus rating of "Moderate Buy" and a consensus target price of C$86.60.

Power Co. of Canada Stock Performance

The company has a fifty day moving average price of C$92.17 and a two-hundred day moving average price of C$80.82. The firm has a market cap of C$59.81 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. The company has a debt-to-equity ratio of 87.52, a current ratio of 0.71 and a quick ratio of 107.64.

Power Co. of Canada (TSE:POW - Get Free Report) last released its earnings results 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 return on equity of 10.91% and a net margin of 7.72%.The firm had revenue of C$11.70 billion for the quarter. As a group, equities research analysts expect that Power Co. of Canada will post 4.9289678 EPS for the current 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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