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

Great-West Lifeco (TSE:GWO) had its target price raised by research analysts at Jefferies Financial Group from C$51.00 to C$58.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 2.96% from the company’s current price.

Other research analysts also recently issued reports about the stock. Desjardins raised their price objective 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. Scotiabank lifted their price target on Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. TD Securities increased their price objective on Great-West Lifeco from C$53.00 to C$62.00 and gave the stock a “buy” rating in a report on Thursday. Barclays lifted their target price on Great-West Lifeco from C$45.00 to C$46.00 in a report on Monday, January 6th. Finally, Cibc World Mkts raised shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Great-West Lifeco presently has a consensus rating of “Hold” and a consensus target price of C$54.89.

Great-West Lifeco Price Performance

Shares of GWO opened at C$56.33 on Thursday. Great-West Lifeco has a 1 year low of C$38.44 and a 1 year high of C$57.61. The stock’s fifty day moving average price is C$52.12 and its two-hundred day moving average price is C$49.02. The firm has a market cap of C$52.44 billion, a PE ratio of 12.89, a PEG ratio of 2.26 and a beta of 0.84.

Insider Transactions 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 that occurred 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 Christine Marie Moritz sold 4,700 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of C$52.09, for a total transaction of C$244,827.70. Insiders have sold 144,257 shares of company stock valued at $7,640,646 in the last quarter. Insiders own 70.70% of the company’s stock.

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.