Power Co. of Canada (TSE:POW) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Power Co. of Canada (TSE:POW)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$39.71 and traded as high as C$44.44. Power Co. of Canada shares last traded at C$44.32, with a volume of 973,800 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on POW. Royal Bank of Canada increased their price target on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Scotiabank raised their price target on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Jefferies Financial Group dropped their price objective on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Desjardins increased their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Power Co. of Canada has a consensus rating of “Moderate Buy” and an average price target of C$43.28.

Power Co. of Canada Price Performance

The business has a fifty day simple moving average of C$42.08 and a 200-day simple moving average of C$39.76. The stock has a market capitalization of C$26.16 billion, a P/E ratio of 10.06, a PEG ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78.

Power Co. of Canada (TSE:POW) last issued its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 EPS for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.05. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The business had revenue of C$9.91 billion during the quarter. Sell-side analysts expect that Power Co. of Canada will post 4.9831081 earnings per share for the current fiscal year.

Power Co. of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.563 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.25 annualized dividend and a yield of 5.10%. Power Co. of Canada’s payout ratio is 51.25%.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.