Desjardins Analysts Decrease Earnings Estimates for Great-West Lifeco Inc (GWO)
Great-West Lifeco Inc (TSE:GWO) – Analysts at Desjardins cut their FY2017 earnings per share estimates for shares of Great-West Lifeco in a note issued to investors on Thursday. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.77 per share for the year, down from their previous estimate of $2.78.
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GWO has been the topic of a number of other research reports. CSFB boosted their price objective on shares of Great-West Lifeco from C$37.00 to C$39.00 in a research report on Wednesday, November 1st. Barclays PLC upped their price target on shares of Great-West Lifeco from C$36.00 to C$37.00 in a research report on Wednesday, July 12th. Royal Bank Of Canada upped their price target on shares of Great-West Lifeco from C$35.00 to C$36.00 in a research report on Friday, November 3rd. Finally, Eight Capital dropped their price target on shares of Great-West Lifeco from C$38.00 to C$37.00 in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Great-West Lifeco has a consensus rating of “Hold” and a consensus price target of C$37.27.
Shares of Great-West Lifeco (TSE GWO) opened at C$35.57 on Monday. Great-West Lifeco has a 1 year low of C$32.50 and a 1 year high of C$37.79.
In other Great-West Lifeco news, insider Lifeco U.S. Holding Great-West purchased 81,387 shares of the firm’s stock in a transaction that occurred on Saturday, September 30th. The shares were acquired at an average cost of C$35.62 per share, for a total transaction of C$2,899,004.94.
About Great-West Lifeco
Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.
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