Great-West Lifeco (TSE:GWO – Get Free Report) had its price objective hoisted by investment analysts at Scotiabank from C$95.00 to C$100.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 8.78% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Desjardins raised their price objective on Great-West Lifeco from C$71.00 to C$80.00 and gave the company a “hold” rating in a research note on Friday, May 8th. BMO Capital Markets upped their target price on Great-West Lifeco from C$70.00 to C$76.00 in a research report on Friday, May 8th. Barclays increased their price target on Great-West Lifeco from C$86.00 to C$87.00 in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Great-West Lifeco from C$64.00 to C$77.00 in a research report on Friday, May 8th. Finally, Jefferies Financial Group upped their price objective on shares of Great-West Lifeco from C$84.00 to C$107.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$93.27.
Check Out Our Latest Stock Report on GWO
Great-West Lifeco Stock Up 1.7%
Great-West Lifeco (TSE:GWO – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported C$1.42 earnings per share for the quarter. Great-West Lifeco had a return on equity of 15.17% and a net margin of 12.86%.The company had revenue of C$8.35 billion for the quarter. Equities research analysts predict that Great-West Lifeco will post 4.4525194 EPS for the current year.
Insider Buying and Selling at Great-West Lifeco
In other news, Director Edmund Francis Murphy sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$86.20, for a total transaction of C$3,448,000.00. Following the completion of the transaction, the director directly owned 8,784 shares in the company, valued at C$757,180.80. The trade was a 81.99% decrease in their ownership of the stock. Also, Director Mei Dong sold 39,400 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$76.33, for a total value of C$3,007,402.00. Following the completion of the sale, the director directly owned 2,721 shares of the company’s stock, valued at C$207,693.93. This represents a 93.54% decrease in their ownership of the stock. Insiders have sold 119,200 shares of company stock valued at $9,821,888 in the last 90 days. 70.70% of the stock is currently owned by insiders.
About Great-West Lifeco
Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.
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