Barclays Lowers Great-West Lifeco (GWO) Price Target to C$32.00

Great-West Lifeco (TSE:GWO) had its price objective cut by analysts at Barclays from C$35.00 to C$32.00 in a report released on Friday. Barclays’ target price points to a potential upside of 5.58% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets decreased their price objective on shares of Great-West Lifeco from C$37.00 to C$36.00 in a report on Thursday, August 2nd. Eight Capital decreased their price objective on shares of Great-West Lifeco from C$36.00 to C$35.00 in a report on Thursday, August 2nd. TD Securities upped their price objective on shares of Great-West Lifeco from C$36.00 to C$37.00 in a report on Thursday, August 2nd. Canaccord Genuity set a C$38.00 price objective on shares of Great-West Lifeco and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, Desjardins decreased their price objective on shares of Great-West Lifeco from C$35.00 to C$33.00 in a report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$34.89.

Shares of TSE:GWO opened at C$30.31 on Friday. Great-West Lifeco has a 1 year low of C$29.47 and a 1 year high of C$36.30.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings data on Wednesday, August 1st. The company reported C$0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.75 by C$0.09. The business had revenue of C$10.61 billion during the quarter.

Great-West Lifeco Company Profile

Great-West Lifeco Inc, a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, and reinsurance businesses in Canada, the United States, Europe, and Asia. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, dental protection, direct marketing, health, and creditor insurance products; and wealth accumulation and annuity products.

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

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