National Bank Financial Issues Positive Forecast for Great-West Lifeco (TSE:GWO) Stock Price

Great-West Lifeco (TSE:GWO) had its price target upped by stock analysts at National Bank Financial from C$65.00 to C$73.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential downside of 4.27% from the stock’s current price.

Several other research analysts have also weighed in on GWO. TD Securities upped their price objective on shares of Great-West Lifeco from C$70.00 to C$73.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada upped their price objective on shares of Great-West Lifeco from C$64.00 to C$77.00 in a report on Friday. Scotiabank raised their target price on shares of Great-West Lifeco from C$68.00 to C$70.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Canadian Imperial Bank of Commerce lifted their price objective on Great-West Lifeco from C$75.00 to C$81.00 in a research note on Friday. Finally, Scotia upped their target price on shares of Great-West Lifeco from C$71.00 to C$78.00 in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Great-West Lifeco presently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.18.

Great-West Lifeco Trading Down 0.1%

Shares of TSE GWO traded down C$0.10 during mid-day trading on Friday, hitting C$76.26. 504,991 shares of the company traded hands, compared to its average volume of 1,655,716. Great-West Lifeco has a 1 year low of C$49.71 and a 1 year high of C$77.04. The business has a 50 day moving average of C$66.82 and a two-hundred day moving average of C$64.86. The stock has a market capitalization of C$69.12 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.26 and a beta of 0.59. The company has a quick ratio of 22.18, a current ratio of 5.80 and a debt-to-equity ratio of 44.93.

Great-West Lifeco (TSE:GWO) last released its earnings results on Wednesday, May 6th. The company reported C$1.37 earnings per share for the quarter. Great-West Lifeco had a net margin of 10.96% and a return on equity of 13.98%. The business had revenue of C$8.37 billion for the quarter. On average, sell-side analysts anticipate that Great-West Lifeco will post 4.4525194 earnings per share for the current fiscal year.

Insider Transactions at Great-West Lifeco

In other Great-West Lifeco news, insider L.P. Great-West Lifeco U.S. Holdings sold 46,413 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$63.46, for a total transaction of C$2,945,368.98. 70.70% of the stock is owned by company 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.