Great-West Lifeco (TSE:GWO – Get Free Report) had its price objective lifted by research analysts at Jefferies Financial Group from C$44.00 to C$46.00 in a research report issued on Friday, BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential upside of 8.93% from the stock’s current price.
A number of other equities analysts also recently weighed in on the stock. CIBC raised their target price on shares of Great-West Lifeco from C$44.00 to C$46.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. TD Securities decreased their target price on shares of Great-West Lifeco from C$45.00 to C$44.00 in a research note on Thursday. BMO Capital Markets raised their price target on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Scotiabank raised their price target on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. Finally, National Bankshares raised their price target on shares of Great-West Lifeco from C$42.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$43.60.
Great-West Lifeco Price Performance
Great-West Lifeco (TSE:GWO – Get Free Report) last announced its earnings results on Wednesday, February 14th. The company reported C$1.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.05. Great-West Lifeco had a net margin of 7.95% and a return on equity of 10.28%. The business had revenue of C$20.21 billion during the quarter. Analysts expect that Great-West Lifeco will post 4.137561 EPS for the current fiscal year.
Insider Activity at Great-West Lifeco
In other Great-West Lifeco news, Senior Officer Linda Kerrigan sold 5,000 shares of Great-West Lifeco stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total value of C$214,750.00. In other Great-West Lifeco news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of Great-West Lifeco stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$42.33, for a total value of C$228,590.10. Also, Senior Officer Linda Kerrigan sold 5,000 shares of Great-West Lifeco stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total transaction of C$214,750.00. In the last quarter, insiders have sold 13,300 shares of company stock worth $566,402. 70.57% of the stock is owned by corporate insiders.
Great-West Lifeco Company Profile
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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