Great-West Lifeco (TSE:GWO) Stock Price Target Lowered at National Bank Financial

Key Points

• National Bank Financial lowered Great-West Lifeco’s price target to C$94 from C$95 while maintaining a “sector perform” rating, implying approximately 4.27% upside from the current price.
• Analyst sentiment remains broadly positive, with six Buy ratings and five Holds; the consensus rating is “Moderate Buy” with an average target price of C$93.18.
• Great-West Lifeco shares traded at C$90.15, while the company reported quarterly EPS of C$1.42 on C$8.35 billion in revenue and posted a 12.49% net margin.

Great-West Lifeco (TSE:GWO - Get Free Report) had its price target dropped by investment analysts at National Bank Financial from C$95.00 to C$94.00 in a note issued to investors on Monday, BayStreet reports. The brokerage currently has a "sector perform" rating on the stock. National Bank Financial's target price indicates a potential upside of 4.27% from the company's current price.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Great-West Lifeco from C$90.00 to C$92.00 and gave the company a "market perform" rating in a report on Thursday, July 30th. Desjardins boosted their price objective on Great-West Lifeco from C$93.00 to C$95.00 in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price objective on Great-West Lifeco from C$95.00 to C$97.00 in a research report on Thursday, July 30th. Evercore raised Great-West Lifeco to a "hold" rating in a research note on Tuesday, September 29th. Finally, Scotiabank lifted their target price on Great-West Lifeco from C$95.00 to C$100.00 and gave the stock a "sector outperform" rating in a report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Great-West Lifeco has an average rating of "Moderate Buy" and a consensus target price of C$93.18.

Great-West Lifeco Price Performance

Great-West Lifeco stock traded down C$1.09 during mid-day trading on Monday, reaching C$90.15. 176,005 shares of the company's stock traded hands, compared to its average volume of 1,487,478. The company has a market cap of C$80.70 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.26 and a beta of 0.62. The stock has a 50 day moving average of C$90.87 and a two-hundred day moving average of C$84.87. The company has a quick ratio of 22.18, a current ratio of 6.07 and a debt-to-equity ratio of 28.63. Great-West Lifeco has a 12-month low of C$57.56 and a 12-month high of C$95.96.

Great-West Lifeco (TSE:GWO - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$1.42 EPS for the quarter. Great-West Lifeco had a net margin of 12.49% and a return on equity of 15.48%. The business had revenue of C$8.35 billion during the quarter. Equities analysts forecast that Great-West Lifeco will post 4.45 earnings per share for the current year.

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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