Power Co. of Canada (TSE:POW) Stock Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Power Co. of Canada (TSE:POW)’s share price crossed 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on POW shares. Royal Bank Of Canada boosted their price target on Power Co. of Canada from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. TD upped their price target on Power Co. of Canada from C$84.00 to C$101.00 and gave the stock a “hold” rating in a report on Friday, July 31st. National Bank Financial lifted their target price on 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Power Co. of Canada presently has an average rating of “Moderate Buy” and a consensus target price of C$86.60.

Power Co. of Canada Stock Down 1.0%

The firm’s fifty day moving average is C$92.41 and its two-hundred day moving average is C$86.20. The firm has a market cap of C$58.12 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 0.57 and a beta of 0.62. 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) last released 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 firm had revenue of C$11.70 billion during the quarter. On average, sell-side 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.