Great-West Lifeco (GWO) Price Target Raised to C$38.00

Great-West Lifeco (TSE:GWO) had its target price lifted by National Bank Financial from C$36.00 to C$38.00 in a research note issued on Friday, November 17th. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 8.20% from the company’s current price.

Several other brokerages have also recently issued reports on GWO. Eight Capital reduced their price objective on Great-West Lifeco from C$38.00 to C$37.00 in a research note on Friday, November 3rd. Royal Bank Of Canada raised their price objective on Great-West Lifeco from C$35.00 to C$36.00 in a research note on Friday, November 3rd. Barclays raised their price objective on Great-West Lifeco from C$37.00 to C$38.00 in a research note on Friday, November 3rd. Finally, CSFB raised their price objective on Great-West Lifeco from C$37.00 to C$39.00 in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$37.33.

Shares of Great-West Lifeco (TSE:GWO) traded up C$0.08 on Friday, reaching C$35.12. The company had a trading volume of 268,224 shares, compared to its average volume of 482,244. Great-West Lifeco has a 52-week low of C$33.01 and a 52-week high of C$37.79.

In related news, insider Jeffrey Frederick Macoun sold 3,620 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of C$35.29, for a total transaction of C$127,749.80. Also, insider Lifeco U.S. Holding Great-West bought 81,387 shares of the firm’s stock in a transaction that occurred on Saturday, September 30th. The shares were purchased at an average cost of C$35.62 per share, with a total value of C$2,899,004.94.

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Great-West Lifeco Company Profile

Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.

Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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