Power Co. of Canada (TSE:POW) Shares Pass Above 200 Day Moving Average – Here’s Why

Power Co. of Canada (TSE:POW) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$59.25 and traded as high as C$72.36. Power Co. of Canada shares last traded at C$72.32, with a volume of 1,932,823 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on POW shares. 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 report on Wednesday, November 19th. Jefferies Financial Group upped their price target on shares of Power Co. of Canada from C$60.00 to C$68.00 in a research note on Friday, November 14th. CIBC set a C$75.00 price objective on shares of Power Co. of Canada and gave the company a “neutral” rating in a report on Wednesday, November 19th. Scotiabank raised their price objective on shares of Power Co. of Canada from C$69.00 to C$76.00 in a research note on Thursday, November 13th. Finally, BMO Capital Markets boosted their target price on Power Co. of Canada from C$60.00 to C$71.00 in a report on Wednesday, November 12th. 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 currently has an average rating of “Hold” and a consensus target price of C$69.50.

Power Co. of Canada Stock Performance

The stock’s fifty day simple moving average is C$66.45 and its two-hundred day simple moving average is C$59.25. The company has a market capitalization of C$46.07 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.57 and a beta of 0.95.

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

Power Co. of Canada Company Profile

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).