Great-West Lifeco (TSE:GWO) Price Target Lowered to C$44.00 at TD Securities

Great-West Lifeco (TSE:GWO) had its target price lowered by research analysts at TD Securities from C$45.00 to C$44.00 in a note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 5.14% from the stock’s current price.

A number of other analysts also recently weighed in on GWO. BMO Capital Markets boosted their target price on Great-West Lifeco from C$42.00 to C$44.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. CIBC boosted their target price on Great-West Lifeco from C$44.00 to C$46.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Scotiabank boosted their price objective on Great-West Lifeco from C$42.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. Finally, National Bankshares boosted their price objective on Great-West Lifeco from C$40.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$43.11.

Great-West Lifeco Stock Performance

Shares of TSE GWO traded up C$1.09 during mid-day trading on Thursday, reaching C$41.85. 337,230 shares of the company’s stock were exchanged, compared to its average volume of 2,250,182. The firm has a market capitalization of C$39.02 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Great-West Lifeco has a 52 week low of C$37.06 and a 52 week high of C$45.18. The company has a debt-to-equity ratio of 32.33, a current ratio of 12.42 and a quick ratio of 22.18. The firm has a 50-day moving average price of C$41.98 and a two-hundred day moving average price of C$42.21.

Great-West Lifeco (TSE:GWO) last posted its earnings results on Wednesday, February 14th. The company reported C$1.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.05. The business had revenue of C$20.21 billion during the quarter. Great-West Lifeco had a return on equity of 10.28% and a net margin of 7.95%. Analysts predict that Great-West Lifeco will post 4.137561 EPS for the current year.

Insider Buying and Selling

In other Great-West Lifeco news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of Great-West Lifeco stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$42.44, for a total value of C$123,062.08. In other Great-West Lifeco news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of Great-West Lifeco stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$42.44, for a total value of C$123,062.08. Also, Senior Officer Dervla Mary Tomlin sold 5,400 shares of Great-West Lifeco stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total value of C$228,590.10. Over the last 90 days, insiders sold 13,300 shares of company stock worth $566,402. 70.57% 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.