Great-West Lifeco (TSE:GWO) PT Set at C$65.00 by National Bank Financial

Great-West Lifeco (TSE:GWO) received a C$65.00 price target from research analysts at National Bank Financial in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential downside of 8.86% from the company’s previous close.

A number of other analysts have also weighed in on GWO. TD Securities raised their price target on shares of Great-West Lifeco from C$70.00 to C$73.00 in a report on Wednesday, January 14th. Royal Bank Of Canada raised their price target on shares of Great-West Lifeco from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce raised their price target on shares of Great-West Lifeco from C$67.00 to C$73.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Barclays raised their price target on shares of Great-West Lifeco from C$59.00 to C$70.00 in a report on Friday, January 9th. Finally, Desjardins raised their price target on shares of Great-West Lifeco from C$68.00 to C$71.00 and gave the company a “hold” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$69.11.

Great-West Lifeco Stock Performance

TSE GWO opened at C$71.32 on Friday. The firm has a market cap of C$64.64 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.26 and a beta of 0.57. The company has a 50 day moving average of C$65.47 and a 200-day moving average of C$64.09. The company has a current ratio of 5.80, a quick ratio of 22.18 and a debt-to-equity ratio of 44.93. Great-West Lifeco has a 1-year low of C$49.54 and a 1-year high of C$71.84.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C$1.36 earnings per share for the quarter. The company had revenue of C$8.34 billion during the quarter. Great-West Lifeco had a net margin of 10.96% and a return on equity of 13.98%. On average, equities analysts forecast that Great-West Lifeco will post 4.4525194 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Great-West Lifeco news, insider L.P. Great-West Lifeco U.S. Holdings sold 46,413 shares of Great-West Lifeco stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$63.46, for a total transaction of C$2,945,368.98. Corporate insiders own 70.70% of the company’s stock.

About Great-West Lifeco

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.