Barclays Issues Positive Forecast for Great-West Lifeco (TSE:GWO) Stock Price

Great-West Lifeco (TSE:GWO) had its target price raised by analysts at Barclays from C$45.00 to C$46.00 in a report issued on Monday,BayStreet.CA reports. Barclays‘s target price suggests a potential downside of 2.09% from the stock’s previous close.

A number of other analysts also recently commented on the company. Jefferies Financial Group boosted their price objective on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Royal Bank of Canada boosted their price target on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. CIBC raised their price objective on shares of Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. Finally, Scotiabank boosted their target price on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$47.75.

Great-West Lifeco Price Performance

Shares of TSE:GWO opened at C$46.98 on Monday. The stock has a market cap of C$43.79 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.26 and a beta of 0.84. 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 12 month low of C$38.44 and a 12 month high of C$50.99. The stock’s 50 day moving average price is C$48.15 and its 200 day moving average price is C$44.92.

Insider Activity at Great-West Lifeco

In related news, Director Charles Donald Harvey Henaire sold 26,400 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$49.50, for a total transaction of C$1,306,800.00. Also, Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$49.11, for a total value of C$40,515.75. Following the sale, the insider now owns 66 shares of the company’s stock, valued at C$3,241.26. The trade was a 92.59 % decrease in their ownership of the stock. In the last 90 days, insiders sold 174,613 shares of company stock worth $8,697,880. 70.70% of the stock is owned by corporate 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.