BMO Capital Markets Boosts Great-West Lifeco (TSE:GWO) Price Target to C$59.00

Great-West Lifeco (TSE:GWO) had its target price upped by BMO Capital Markets from C$54.00 to C$59.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 4.74% from the company’s current price.

GWO has been the topic of several other reports. Barclays boosted their price target on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research report on Monday, January 6th. TD Securities increased their price target on Great-West Lifeco from C$53.00 to C$62.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada boosted their price target on Great-West Lifeco from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Scotiabank increased their price objective on Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Desjardins boosted their target price on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a “hold” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$54.89.

Great-West Lifeco Stock Down 0.8 %

TSE GWO opened at C$56.33 on Thursday. Great-West Lifeco has a 12-month low of C$38.44 and a 12-month high of C$57.61. The firm’s 50 day moving average is C$52.12 and its 200-day moving average is C$49.02. The company has a market capitalization of C$52.44 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Insider Buying and Selling at Great-West Lifeco

In related news, insider L.P. Great-West Lifeco U.S. Holdings sold 75,457 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$53.44, for a total value of C$4,032,671.09. Also, Director Edmund Francis Murphy sold 15,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of C$52.31, for a total value of C$784,695.00. Insiders have sold a total of 144,257 shares of company stock valued at $7,640,646 in the last three months. 70.70% of the stock is currently 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.