Great-West Lifeco (TSE:GWO) Price Target Raised to C$58.00

Great-West Lifeco (TSE:GWO) had its price objective boosted by equities researchers at Jefferies Financial Group from C$51.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 2.20% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. TD Securities lifted their target price on shares of Great-West Lifeco from C$53.00 to C$62.00 and gave the stock a “buy” rating in a research report on Thursday. Desjardins lifted their price objective on Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday, February 7th. BMO Capital Markets lifted their target price on shares of Great-West Lifeco from C$54.00 to C$59.00 and gave the stock a “market perform” rating in a research note on Thursday. Royal Bank of Canada increased their price target on shares of Great-West Lifeco from C$51.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, Scotiabank upped their price objective on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$54.89.

Great-West Lifeco Price Performance

TSE GWO traded down C$0.72 on Thursday, reaching C$56.75. 507,661 shares of the company’s stock traded hands, compared to its average volume of 3,083,632. The stock has a market cap of C$52.83 billion, a PE ratio of 12.98, a P/E/G ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 12 month low of C$38.44 and a 12 month high of C$57.61. The stock has a 50-day simple moving average of C$51.72 and a 200 day simple moving average of C$48.86.

Insider Transactions at Great-West Lifeco

In related news, Senior Officer Linda Kerrigan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$51.64, for a total transaction of C$438,927.25. Also, Director Charles Donald Harvey Henaire sold 26,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$53.00, for a total value of C$1,383,300.00. In the last quarter, insiders sold 144,257 shares of company stock valued at $7,640,646. Corporate insiders own 70.70% of the company’s stock.

Great-West Lifeco Company Profile

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.