Barclays Increases Great-West Lifeco (TSE:GWO) Price Target to C$45.00

Great-West Lifeco (TSE:GWO) had its price objective raised by equities researchers at Barclays from C$43.00 to C$45.00 in a note issued to investors on Friday,BayStreet.CA reports. Barclays‘s price target points to a potential downside of 8.33% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. TD Securities raised their target price on Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Scotiabank lifted their price objective on Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their target price on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Royal Bank of Canada raised their target price on Great-West Lifeco from C$45.00 to C$47.00 in a research note on Thursday, August 8th. Finally, CIBC raised their target price on Great-West Lifeco from C$46.00 to C$51.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Great-West Lifeco currently has a consensus rating of “Hold” and a consensus price target of C$47.63.

Great-West Lifeco Stock Up 0.2 %

Great-West Lifeco stock opened at C$49.09 on Friday. The firm has a market cap of C$45.76 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 52 week low of C$38.44 and a 52 week high of C$49.54. The business’s 50-day moving average price is C$46.20 and its 200 day moving average price is C$42.95. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61.

Insider Activity at Great-West Lifeco

In related news, Director Richard Henry Linton sold 35,800 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$46.27, for a total value of C$1,656,344.28. In other Great-West Lifeco news, Director Richard Henry Linton sold 35,800 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total value of C$1,135,888.00. Company insiders own 70.70% 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.