Great-West Lifeco (TSE:GWO) Stock Price Expected to Rise, CIBC Analyst Says

Great-West Lifeco (TSE:GWO) had its target price hoisted by investment analysts at CIBC from C$51.00 to C$55.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 12.18% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Barclays upped their target price on Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday. Jefferies Financial Group lifted their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. TD Securities upped their target price on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Scotiabank lifted their price target on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Great-West Lifeco has a consensus rating of “Hold” and a consensus price target of C$47.63.

Great-West Lifeco Trading Up 0.1 %

TSE GWO traded up C$0.06 during mid-day trading on Friday, hitting C$49.03. The company’s stock had a trading volume of 147,784 shares, compared to its average volume of 2,619,313. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. Great-West Lifeco has a 52-week low of C$38.44 and a 52-week high of C$49.54. The stock’s fifty day simple moving average is C$46.00 and its two-hundred day simple moving average is C$42.83. The firm has a market capitalization of C$45.70 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Great-West Lifeco (TSE:GWO) last posted its earnings results on Tuesday, August 6th. The company reported C$1.11 earnings per share for the quarter, beating the consensus estimate of C$1.05 by C$0.06. Great-West Lifeco had a net margin of 11.32% and a return on equity of 13.21%. The business had revenue of C$8.61 billion for the quarter, compared to analyst estimates of C$9.83 billion. Research analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current year.

Insider Buying and Selling at Great-West Lifeco

In other Great-West Lifeco news, Director Richard Henry Linton sold 35,800 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$46.27, for a total value of C$1,656,344.28. In other Great-West Lifeco news, Director Richard Henry Linton sold 35,800 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$46.27, for a total value of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. 70.70% of the stock is owned by insiders.

About Great-West Lifeco

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.