Great-West Lifeco (TSE:GWO – Get Free Report) had its target price hoisted by analysts at CIBC from C$51.00 to C$55.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 12.18% from the company’s previous close.
GWO has been the topic of a number of other reports. TD Securities boosted their target price on Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Barclays raised their target price on shares of Great-West Lifeco from C$43.00 to C$45.00 in a report on Friday. Scotiabank boosted their price target on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their target price on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Great-West Lifeco currently has an average rating of “Hold” and a consensus price target of C$47.63.
Read Our Latest Stock Report on Great-West Lifeco
Great-West Lifeco Price Performance
Great-West Lifeco (TSE:GWO – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of C$8.61 billion for the quarter, compared to analyst estimates of C$9.83 billion. As a group, sell-side analysts predict that Great-West Lifeco will post 4.4525194 EPS for the current year.
Insider Transactions at Great-West Lifeco
In other news, Director Richard Henry Linton sold 35,800 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 25,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. Also, Director Richard Henry Linton sold 35,800 shares of Great-West Lifeco stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. Company insiders own 70.70% of the company’s stock.
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.
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