Great-West Lifeco (TSE:GWO) Price Target Raised to C$46.00

Great-West Lifeco (TSE:GWO) had its price objective upped by analysts at Barclays from C$45.00 to C$46.00 in a report released on Monday,BayStreet.CA reports. Barclays‘s price objective would suggest a potential downside of 3.16% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. CIBC raised their target price on shares of Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. Scotiabank raised their price objective on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their target price on 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. Finally, Royal Bank of Canada raised their price objective on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$47.75.

Great-West Lifeco Trading Up 1.0 %

TSE:GWO traded up C$0.45 on Monday, reaching C$47.50. 188,442 shares of the company’s stock were exchanged, compared to its average volume of 787,687. Great-West Lifeco has a 52-week low of C$38.44 and a 52-week high of C$50.99. The business has a fifty day moving average of C$48.16 and a 200-day moving average of C$44.85. 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 firm has a market capitalization of C$44.28 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Insider Activity

In related news, Senior Officer David Martin Harney sold 562 shares of the 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. Also, Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of Great-West Lifeco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$49.11, for a total transaction of C$40,515.75. Following the completion of the transaction, the insider now directly owns 66 shares in the company, valued at C$3,241.26. This trade represents a 92.59 % decrease in their ownership of the stock. Insiders have sold 174,613 shares of company stock worth $8,697,880 in the last 90 days. Corporate insiders own 70.70% of the company’s stock.

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.