Great-West Lifeco (OTCMKTS:GWLIF) Price Target Cut to C$38.00

Great-West Lifeco (OTCMKTS:GWLIFGet Rating) had its price target reduced by BMO Capital Markets from C$41.00 to C$38.00 in a research note released on Friday, The Fly reports.

Several other brokerages have also recently issued reports on GWLIF. Barclays lifted their target price on shares of Great-West Lifeco from C$42.00 to C$45.00 in a report on Friday, February 11th. National Bank Financial cut their target price on shares of Great-West Lifeco from C$39.00 to C$38.00 in a research report on Wednesday, April 20th. Scotiabank cut their target price on shares of Great-West Lifeco from C$41.00 to C$38.00 in a research report on Monday, May 2nd. Finally, Desjardins lifted their target price on shares of Great-West Lifeco from C$40.00 to C$42.00 in a research report on Monday, February 14th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $40.70.

OTCMKTS GWLIF traded down $0.30 during trading hours on Friday, reaching $26.29. 5,835 shares of the company’s stock traded hands, compared to its average volume of 4,674. Great-West Lifeco has a 52-week low of $25.98 and a 52-week high of $32.70. The firm has a 50-day simple moving average of $28.62 and a 200 day simple moving average of $29.69.

About Great-West Lifeco (Get Rating)

Great-West Lifeco Inc, a financial services holding company, 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 a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.

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