Great-West Lifeco (TSE:GWO) Given New C$58.00 Price Target at Jefferies Financial Group

Great-West Lifeco (TSE:GWO) had its target price raised 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 brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 2.20% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Cibc World Mkts raised Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their price objective on shares of Great-West Lifeco from C$54.00 to C$59.00 and gave the company a “market perform” rating in a report on Thursday. Desjardins increased their price objective on Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Scotiabank raised their price target on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Barclays upped their target price on Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued 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.com, the company has a consensus rating of “Hold” and a consensus target price of C$54.89.

Great-West Lifeco Price Performance

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

Insider Buying and Selling

In other Great-West Lifeco news, insider L.P. Great-West Lifeco U.S. Holdings sold 75,457 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of C$53.44, for a total value of C$4,032,671.09. Also, Senior Officer Linda Kerrigan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of C$51.64, for a total transaction of C$438,927.25. In the last 90 days, insiders have sold 144,257 shares of company stock valued at $7,640,646. Company 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.