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

Great-West Lifeco (TSE:GWO) had its target price raised by equities researchers at Jefferies Financial Group from C$44.00 to C$46.00 in a report issued on Friday, BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 8.93% from the company’s current price.

A number of other brokerages have also recently weighed in on GWO. National Bankshares lifted their price target on shares of Great-West Lifeco from C$42.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Thursday. TD Securities dropped their price target on shares of Great-West Lifeco from C$45.00 to C$44.00 in a research report on Thursday. Scotiabank lifted their price target on shares of 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 lifted their price target on shares of 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 lifted their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$43.60.

Great-West Lifeco Price Performance

Great-West Lifeco stock opened at C$42.23 on Friday. Great-West Lifeco has a 12-month low of C$37.06 and a 12-month high of C$45.18. The stock has a market cap of C$39.38 billion, a P/E ratio of 14.41, a PEG ratio of 2.26 and a beta of 0.86. The company has a 50-day moving average price of C$41.95 and a 200 day moving average price of C$42.23. The company has a current ratio of 12.42, a quick ratio of 22.18 and a debt-to-equity ratio of 32.33.

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

Insider Activity at Great-West Lifeco

In related news, Senior Officer Linda Kerrigan sold 5,000 shares of the company’s stock in a transaction 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. In other Great-West Lifeco news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$42.33, for a total transaction of C$228,590.10. Also, Senior Officer Linda Kerrigan sold 5,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$42.95, for a total transaction of C$214,750.00. Insiders sold a total of 13,300 shares of company stock worth $566,402 in the last 90 days. 70.57% of the stock is 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.