Power Co. of Canada (TSE:POW) Shares Cross Above 200 Day Moving Average – Time to Sell?

Power Co. of Canada (TSE:POW) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$66.32 and traded as high as C$66.65. Power Co. of Canada shares last traded at C$65.70, with a volume of 1,222,307 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of Power Co. of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. TD Securities lowered Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. BMO Capital Markets lifted their target price on Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. Jefferies Financial Group increased their price target on Power Co. of Canada from C$60.00 to C$68.00 in a research note on Friday, November 14th. Finally, Canadian Imperial Bank of Commerce set a C$75.00 price target on Power Co. of Canada and gave the company a “neutral” rating in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$73.25.

Power Co. of Canada Stock Up 0.7%

The firm has a market cap of C$41.86 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.57 and a beta of 0.72. The company has a 50-day simple moving average of C$68.75 and a 200-day simple moving average of C$66.32. The company has a debt-to-equity ratio of 84.71, a current ratio of 3.95 and a quick ratio of 107.64.

About Power Co. of Canada

Power Corp. of Canada is a diversified holding company with interests in financial services, communications, and other business sectors through its controlling interests in Power Financial. Power Financial in turn holds controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada’s largest nonbank asset manager), and Pargesa (a holding company with interests in European companies). Power Corp. bought out the remaining shares of Power Financial in February 2020.