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

Key Points

• Power Co. of Canada shares rose above their 200-day moving average of C$86.20, reaching C$94.15 before closing at C$92.59 on heavy volume.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating, although the consensus price target is C$86.60—below the latest trading price.
• The company reported quarterly earnings of C$1.55 per share on C$11.70 billion in revenue, while analysts expect full-year earnings of approximately C$4.93 per share.

Power Co. of Canada (TSE:POW - Get Free Report) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$86.20 and traded as high as C$94.15. Power Co. of Canada shares last traded at C$92.59, with a volume of 2,171,358 shares trading hands.

Analysts Set New Price Targets

POW has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on shares of Power Co. of Canada from C$86.00 to C$87.00 and gave the stock an "outperform" rating in a report on Monday, July 13th. TD raised their price target on shares of Power Co. of Canada from C$84.00 to C$101.00 and gave the company a "hold" rating in a research report on Friday, July 31st. Jefferies Financial Group raised shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Finally, National Bank Financial upped their price objective on shares of Power Co. of Canada from C$85.00 to C$102.00 and gave the stock a "sector perform" rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Power Co. of Canada currently has a consensus rating of "Moderate Buy" and a consensus target price of C$86.60.

Power Co. of Canada Price Performance

The company has a debt-to-equity ratio of 87.52, a current ratio of 0.71 and a quick ratio of 107.64. The stock's fifty day moving average price is C$92.41 and its 200-day moving average price is C$86.20. The firm has a market cap of C$58.12 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 0.57 and a beta of 0.62.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported C$1.55 earnings per share for the quarter. Power Co. of Canada had a return on equity of 10.91% and a net margin of 7.72%. The business had revenue of C$11.70 billion for the quarter. As a group, equities analysts expect that Power Co. of Canada will post 4.93 EPS for the current fiscal year.

About Power Co. of Canada

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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