Royal Bank of Canada Reiterates Sector Perform Rating for Great-West Lifeco (TSE:GWO)

Great-West Lifeco (TSE:GWO)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank of Canada in a note issued to investors on Thursday, Stock Target Advisor reports. They presently have a C$39.00 price target on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 4.14% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. BMO Capital Markets increased their target price on Great-West Lifeco from C$36.00 to C$37.00 and gave the stock a “market perform” rating in a research note on Friday, May 7th. CSFB increased their target price on shares of Great-West Lifeco from C$35.00 to C$37.00 in a report on Wednesday, May 12th. National Bank Financial increased their target price on shares of Great-West Lifeco to C$36.00 and gave the stock a “sector perform” rating in a report on Thursday, May 6th. Credit Suisse Group increased their target price on shares of Great-West Lifeco to C$37.00 and gave the stock a “neutral” rating in a report on Wednesday, May 12th. Finally, TD Securities increased their target price on shares of Great-West Lifeco from C$39.00 to C$40.00 and gave the stock a “na” rating in a report on Tuesday, July 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Great-West Lifeco currently has an average rating of “Hold” and a consensus price target of C$36.55.

TSE:GWO traded up C$0.35 on Thursday, hitting C$37.45. The stock had a trading volume of 61,104 shares, compared to its average volume of 1,476,308. The company has a debt-to-equity ratio of 34.56, a quick ratio of 21.56 and a current ratio of 25.23. The firm has a market capitalization of C$34.77 billion and a PE ratio of 10.51. The stock has a fifty day moving average price of C$36.84. Great-West Lifeco has a 1-year low of C$23.55 and a 1-year high of C$38.00.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings results on Wednesday, May 5th. The company reported C$0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.78 by C($0.02). The firm had revenue of C$12.12 billion during the quarter. Analysts forecast that Great-West Lifeco will post 3.4600001 EPS for the current year.

In other news, Senior Officer Bradley John Fedorchuk sold 4,300 shares of Great-West Lifeco stock in a transaction on Friday, May 7th. The shares were sold at an average price of C$36.33, for a total value of C$156,204.38. Following the transaction, the insider now directly owns 779 shares of the company’s stock, valued at approximately C$28,298.42.

About Great-West Lifeco

Great-West Lifeco Inc, a financial services holding company, 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 a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.

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