Great-West Lifeco (OTCMKTS:GWLIF) had its price target boosted by stock analysts at BMO Capital Markets from C$37.00 to C$39.00 in a report issued on Thursday, The Fly reports. The firm presently has a “market perform” rating on the stock.
Several other brokerages have also recently weighed in on GWLIF. Barclays set a $29.53 price target on Great-West Lifeco and gave the company an “equal weight” rating in a research report on Monday, July 12th. TD Securities boosted their price objective on Great-West Lifeco from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, May 6th. Desjardins boosted their price objective on Great-West Lifeco from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, May 10th. Credit Suisse Group boosted their price objective on Great-West Lifeco from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, April 30th. Finally, Royal Bank of Canada boosted their price objective on Great-West Lifeco from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Friday, May 7th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $36.34.
Shares of GWLIF traded up $0.77 during midday trading on Thursday, hitting $29.57. 2,512 shares of the company traded hands, compared to its average volume of 7,252. The stock’s 50-day moving average is $29.99. Great-West Lifeco has a one year low of $15.72 and a one year high of $32.02.
Great-West Lifeco Inc, a financial services holding company, 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 a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.
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