Great-West Lifeco (TSE:GWO) Price Target Lowered to C$44.00 at TD Securities

Great-West Lifeco (TSE:GWO) had its price objective reduced by equities research analysts at TD Securities from C$45.00 to C$44.00 in a research note issued on Thursday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 4.19% from the company’s previous close.

GWO has been the subject of several other reports. National Bankshares boosted their price objective on Great-West Lifeco from C$40.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 23rd. Scotiabank boosted their price objective on Great-West Lifeco from C$42.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. CIBC boosted their price objective on Great-West Lifeco from C$44.00 to C$46.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Finally, BMO Capital Markets upped their price target on Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$43.60.

Great-West Lifeco Price Performance

Shares of GWO opened at C$42.23 on Thursday. The company has a debt-to-equity ratio of 32.33, a quick ratio of 22.18 and a current ratio of 12.42. The stock has a 50 day simple moving average of C$41.96 and a 200 day simple moving average of C$42.20. Great-West Lifeco has a 52-week low of C$37.06 and a 52-week high of C$45.18. The firm has a market capitalization of C$39.38 billion, a PE ratio of 14.41, a P/E/G ratio of 2.26 and a beta of 0.86.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.99 by C$0.05. Great-West Lifeco had a return on equity of 10.28% and a net margin of 7.95%. The business had revenue of C$20.21 billion during the quarter. Sell-side analysts predict that Great-West Lifeco will post 4.137561 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$42.44, for a total value of C$123,062.08. In other news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$42.44, for a total value of C$123,062.08. Also, Senior Officer Linda Kerrigan sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total value of C$214,750.00. Insiders sold a total of 13,300 shares of company stock valued at $566,402 in the last quarter. 70.57% of the stock is currently owned by 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.