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

Great-West Lifeco (OTCMKTS:GWLIFGet Rating) had its target price cut by investment analysts at Desjardins from C$40.00 to C$38.00 in a report released on Monday, The Fly reports.

A number of other equities analysts also recently weighed in on GWLIF. Barclays raised their target price on shares of Great-West Lifeco from C$42.00 to C$45.00 in a research note on Friday, February 11th. Scotiabank reduced their price target on shares of Great-West Lifeco from C$41.00 to C$38.00 in a research report on Monday, May 2nd. BMO Capital Markets reduced their price target on shares of Great-West Lifeco from C$41.00 to C$38.00 in a research report on Friday. Finally, National Bank Financial reduced their price target on shares of Great-West Lifeco from C$39.00 to C$38.00 in a research report on Wednesday, April 20th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.30.

GWLIF stock traded down $0.30 during trading on Monday, reaching $26.29. The company had a trading volume of 5,800 shares, compared to its average volume of 4,673. Great-West Lifeco has a 52 week low of $25.98 and a 52 week high of $32.70. The business has a 50 day moving average of $28.62 and a 200 day moving average of $29.68.

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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