Great-West Lifeco (TSE:GWO) Price Target Cut to C$44.00 by Analysts at TD Securities

Great-West Lifeco (TSE:GWO) had its target price dropped by stock analysts at TD Securities from C$45.00 to C$44.00 in a research report issued on Thursday, BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 5.14% from the stock’s previous close.

A number of other equities analysts also recently weighed in on GWO. Scotiabank upped their price target on Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. National Bankshares raised their price target on Great-West Lifeco from C$40.00 to C$42.00 and gave the company a “sector perform” rating in a report on Tuesday, January 23rd. BMO Capital Markets lifted 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. Finally, 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 report on Friday, February 16th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$43.11.

Great-West Lifeco Price Performance

GWO traded up C$1.09 during trading on Thursday, hitting C$41.85. The company’s stock had a trading volume of 337,230 shares, compared to its average volume of 2,250,182. The firm’s 50 day moving average price is C$41.98 and its two-hundred day moving average price is C$42.21. The company has a quick ratio of 22.18, a current ratio of 12.42 and a debt-to-equity ratio of 32.33. Great-West Lifeco has a 12 month low of C$37.06 and a 12 month high of C$45.18. The stock has a market capitalization of C$39.02 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86.

Great-West Lifeco (TSE:GWO) last posted its quarterly 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 return on equity of 10.28% and a net margin of 7.95%. The company had revenue of C$20.21 billion for the quarter. Sell-side analysts forecast that Great-West Lifeco will post 4.137561 earnings per share for the current fiscal year.

Insiders Place Their Bets

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