Great-West Lifeco (TSE:GWO) Price Target Raised to C$54.00 at BMO Capital Markets

Great-West Lifeco (TSE:GWO) had its price target upped by equities researchers at BMO Capital Markets from C$52.00 to C$54.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 5.45% from the stock’s current price.

A number of other equities analysts have also recently weighed in on GWO. Royal Bank of Canada increased their price objective on shares of Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday. TD Securities upgraded shares of Great-West Lifeco from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$49.00 to C$53.00 in a research note on Friday. Barclays upped their price target on Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. CIBC upgraded shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$56.00 to C$60.00 in a research note on Friday. Finally, Jefferies Financial Group boosted their target price on Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$52.22.

Great-West Lifeco Trading Down 2.3 %

GWO stock traded down C$1.18 during trading on Friday, reaching C$51.21. 486,136 shares of the stock were exchanged, compared to its average volume of 1,595,915. The business has a 50 day moving average price of C$47.33 and a 200-day moving average price of C$46.01. Great-West Lifeco has a 1 year low of C$38.44 and a 1 year high of C$52.47. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The firm has a market capitalization of C$47.73 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 2.26 and a beta of 0.84.

Great-West Lifeco (TSE:GWO) last posted its earnings results on Wednesday, November 6th. The company reported C$1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.06. Great-West Lifeco had a return on equity of 13.21% and a net margin of 11.32%. During the same quarter in the previous year, the business earned $1.00 earnings per share. On average, research analysts predict that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of Great-West Lifeco stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$49.11, for a total transaction of C$40,515.75. Following the transaction, the insider now directly owns 66 shares in the company, valued at approximately C$3,241.26. This trade represents a 92.59 % decrease in their position. Also, Senior Officer David Martin Harney sold 562 shares of Great-West Lifeco stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$47.55, for a total transaction of C$26,721.58. Over the last 90 days, insiders have sold 174,613 shares of company stock worth $8,697,880. 70.70% of the stock is currently owned by corporate insiders.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.