Power Co. of Canada (TSE:POW) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Power Co. of Canada (TSE:POW)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$92.86 and traded as high as C$94.86. Power Co. of Canada shares last traded at C$94.57, with a volume of 1,841,936 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on POW shares. Desjardins increased their target price on shares of Power Co. of Canada from C$102.00 to C$104.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Jefferies Financial Group upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. National Bank Financial boosted their price target on Power Co. of Canada from C$85.00 to C$102.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Finally, TD upped their price objective on Power Co. of Canada from C$84.00 to C$101.00 and gave the company a “hold” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$88.30.

Power Co. of Canada Price Performance

The company has a market cap of C$59.36 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 0.57 and a beta of 0.57. The company has a current ratio of 0.71, a quick ratio of 107.64 and a debt-to-equity ratio of 87.52. The company’s 50 day moving average price is C$92.86 and its 200 day moving average price is C$82.53.

Power Co. of Canada Company Profile

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.