Great-West Lifeco (TSE:GWO) PT Set at C$43.00 by Barclays

Great-West Lifeco (TSE:GWO) has been given a C$43.00 price target by equities researchers at Barclays in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 3.41% from the stock’s current price.

A number of other research firms have also weighed in on GWO. Royal Bank of Canada increased their target price on Great-West Lifeco from C$45.00 to C$47.00 in a research note on Thursday, August 8th. Jefferies Financial Group reduced their price target on shares of Great-West Lifeco from C$46.00 to C$42.00 in a research note on Thursday, July 18th. Finally, TD Securities lifted their price objective on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$43.78.

Great-West Lifeco Stock Performance

Shares of TSE:GWO opened at C$44.52 on Thursday. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. Great-West Lifeco has a 12 month low of C$37.06 and a 12 month high of C$45.18. The company has a market capitalization of C$41.50 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 2.26 and a beta of 0.84. The firm’s 50-day moving average is C$41.82 and its 200 day moving average is C$41.71.

Great-West Lifeco (TSE:GWO) last released its earnings results on Tuesday, August 6th. The company reported C$1.11 EPS for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.06. Great-West Lifeco had a return on equity of 13.21% and a net margin of 11.32%. The firm had revenue of C$8.61 billion for the quarter, compared to analysts’ expectations of C$9.83 billion. Research analysts predict that Great-West Lifeco will post 4.2808552 EPS for the current year.

Insider Buying and Selling at Great-West Lifeco

In other 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 shares were sold at an average price of C$44.72, for a total value of C$1,135,888.00. Insiders own 70.65% of the company’s stock.

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.