Great-West Lifeco (TSE:GWO) Given New C$55.00 Price Target at CIBC

Great-West Lifeco (TSE:GWO) had its price target upped by equities research analysts at CIBC from C$51.00 to C$55.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 12.04% from the company’s previous close.

Several other equities analysts also recently commented on the company. Royal Bank of Canada increased their price target on Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday. Barclays raised their price objective on shares of Great-West Lifeco from C$43.00 to C$45.00 in a research note on Friday. Scotiabank raised their price objective on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. TD Securities raised their price objective on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group raised their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$47.63.

Great-West Lifeco Trading Up 0.2 %

Shares of GWO stock opened at C$49.09 on Friday. Great-West Lifeco has a 12 month low of C$38.44 and a 12 month high of C$49.54. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61. The business’s 50 day moving average is C$46.20 and its two-hundred day moving average is C$42.95. The company has a market cap of C$45.76 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Insider Buying and Selling

In related news, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total value of C$1,135,888.00. In related news, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total value of C$1,135,888.00. Also, Director Richard Henry Linton sold 35,800 shares of Great-West Lifeco stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total value of C$1,656,344.28. 70.70% of the stock is owned by company insiders.

About Great-West Lifeco

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.