Great-West Lifeco (TSE:GWO) Price Target Raised to C$45.00 at TD Securities

Great-West Lifeco (TSE:GWO) had its price objective increased by stock analysts at TD Securities from C$44.00 to C$45.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 12.75% from the company’s current price.

Several other equities analysts have 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. Scotiabank lifted their price objective on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. BMO Capital Markets lifted their price objective on shares of Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Finally, National Bankshares lifted their price objective on shares of Great-West Lifeco from C$40.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$43.11.

Great-West Lifeco Price Performance

Shares of GWO stock traded down C$0.58 on Friday, hitting C$39.91. 317,145 shares of the stock traded hands, compared to its average volume of 2,418,578. The firm has a market cap of C$37.21 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.26 and a beta of 0.86. Great-West Lifeco has a 52 week low of C$37.05 and a 52 week high of C$45.18. The firm has a 50 day simple moving average of C$42.69 and a two-hundred day simple moving average of C$42.03. The company has a debt-to-equity ratio of 32.33, a current ratio of 12.42 and a quick ratio of 22.18.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings data on Wednesday, February 14th. The company reported C$1.04 EPS for the quarter, beating the consensus estimate of C$0.99 by C$0.05. The firm had revenue of C$20.21 billion for the quarter. Great-West Lifeco had a net margin of 7.95% and a return on equity of 10.28%. As a group, equities research analysts predict that Great-West Lifeco will post 4.137561 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of Great-West Lifeco stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$42.44, for a total transaction of C$123,062.08. In related news, Senior Officer Linda Kerrigan sold 5,000 shares of Great-West Lifeco stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total transaction of C$214,750.00. Also, Senior Officer Bradley John Fedorchuk sold 2,900 shares of Great-West Lifeco stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$42.44, for a total transaction of C$123,062.08. In the last ninety days, insiders sold 13,300 shares of company stock valued at $566,402. Company insiders own 70.57% of the company’s stock.

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.