Power Co. of Canada (TSE:POW) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Power Co. of Canada (TSE:POW)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$63.57 and traded as high as C$71.94. Power Co. of Canada shares last traded at C$70.75, with a volume of 1,866,365 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank increased their price target on shares of Power Co. of Canada from C$69.00 to C$76.00 in a research note on Thursday, November 13th. Royal Bank Of Canada increased their target price on shares of Power Co. of Canada from C$60.00 to C$68.00 in a research note on Wednesday, November 19th. BMO Capital Markets raised their price target on Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. Desjardins upped their price objective on Power Co. of Canada from C$60.00 to C$65.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, TD Securities cut Power Co. of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$69.50.

Power Co. of Canada Price Performance

The stock’s 50-day moving average is C$71.91 and its 200 day moving average is C$63.57. The stock has a market cap of C$45.07 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 0.57 and a beta of 0.93.

Power Co. of Canada (TSE:POW) last released its earnings results on Wednesday, November 12th. The financial services provider reported C$1.35 earnings per share (EPS) for the quarter. The company had revenue of C$9.89 billion for the quarter. Power Co. of Canada had a return on equity of 10.06% and a net margin of 4.45%. Analysts anticipate that Power Co. of Canada will post 4.9289678 EPS for the current year.

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.