National Bankshares Boosts Great-West Lifeco (TSE:GWO) Price Target to C$43.00

Great-West Lifeco (TSE:GWO) had its price target raised by stock analysts at National Bankshares from C$42.00 to C$43.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 1.82% from the stock’s current price.

Several other equities analysts also recently commented on the stock. CIBC boosted their target price on shares of Great-West Lifeco from C$44.00 to C$46.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Scotiabank boosted their price target on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. BMO Capital Markets raised their price objective on Great-West Lifeco from C$42.00 to C$44.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, TD Securities reduced their target price on Great-West Lifeco from C$45.00 to C$44.00 in a report on Thursday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$43.60.

Great-West Lifeco Price Performance

Shares of Great-West Lifeco stock opened at C$42.23 on Thursday. The company has a market capitalization of C$39.38 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.26 and a beta of 0.86. The company has a quick ratio of 22.18, a current ratio of 12.42 and a debt-to-equity ratio of 32.33. The stock’s 50-day simple moving average is C$41.96 and its 200-day simple moving average is C$42.20. Great-West Lifeco has a 52 week low of C$37.06 and a 52 week high of C$45.18.

Great-West Lifeco (TSE:GWO) last issued its earnings results 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 company had revenue of C$20.21 billion for the quarter. As a group, analysts expect that Great-West Lifeco will post 4.137561 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of the business’s 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 transaction of C$123,062.08. In other news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$42.44, for a total value of C$123,062.08. Also, Senior Officer Dervla Mary Tomlin sold 5,400 shares of Great-West Lifeco stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total transaction of C$228,590.10. Over the last quarter, insiders sold 13,300 shares of company stock worth $566,402. Corporate insiders own 70.57% of the company’s stock.

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.