Great-West Lifeco (TSE:GWO) Stock Price Expected to Rise, Scotiabank Analyst Says

Great-West Lifeco (TSE:GWO) had its price objective upped by stock analysts at Scotiabank from C$44.00 to C$50.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 7.02% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada lifted their price objective on Great-West Lifeco from C$45.00 to C$47.00 in a report on Thursday, August 8th. TD Securities boosted their price objective on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Barclays set a C$43.00 target price on shares of Great-West Lifeco and gave the company an “underweight” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group increased their price target on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$46.38.

Great-West Lifeco Trading Down 1.4 %

TSE:GWO opened at C$46.72 on Wednesday. The company has a debt-to-equity ratio of 29.61, a quick ratio of 22.18 and a current ratio of 37.46. Great-West Lifeco has a 1 year low of C$38.12 and a 1 year high of C$47.76. The stock has a market capitalization of C$43.55 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.26 and a beta of 0.84. The stock has a fifty day moving average price of C$45.71 and a two-hundred day moving average price of C$42.64.

Great-West Lifeco (TSE:GWO) last issued its earnings results on Tuesday, August 6th. The company reported C$1.11 earnings per share for the quarter, topping the consensus estimate of C$1.05 by C$0.06. Great-West Lifeco had a net margin of 11.32% and a return on equity of 13.21%. The company had revenue of C$8.61 billion for the quarter, compared to analyst estimates of C$9.83 billion. As a group, sell-side analysts anticipate that Great-West Lifeco will post 4.4525194 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard Henry Linton sold 35,800 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total value of C$1,656,344.28. In related news, Director Richard Henry Linton sold 35,800 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. Corporate insiders own 70.70% of the company’s stock.

Great-West Lifeco Company Profile

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.