Great-West Lifeco (TSE:GWO – Get Free Report) had its target price reduced by equities researchers at TD Securities from C$44.00 to C$43.00 in a research note issued on Friday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 7.77% from the company’s previous close.
Several other equities analysts also recently issued reports on GWO. BMO Capital Markets upped their target price on Great-West Lifeco from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Jefferies Financial Group upped their target price on Great-West Lifeco from C$44.00 to C$46.00 in a research report on Friday, May 3rd. National Bankshares increased their price target on Great-West Lifeco from C$42.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada increased their price target on Great-West Lifeco from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$43.89.
View Our Latest Stock Analysis on GWO
Great-West Lifeco Stock Up 0.5 %
Great-West Lifeco (TSE:GWO – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.02 by C$0.07. Great-West Lifeco had a net margin of 10.05% and a return on equity of 11.74%. The business had revenue of C$7.88 billion for the quarter, compared to analyst estimates of C$10.58 billion. Equities research analysts anticipate that Great-West Lifeco will post 4.2812813 earnings per share for the current year.
Insider Activity at Great-West Lifeco
In other Great-West Lifeco news, Director Olivier Desmarais sold 1,029 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$40.88, for a total value of C$42,065.52. 70.58% of the stock is currently owned by corporate insiders.
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.
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