Desjardins Increases Great-West Lifeco (TSE:GWO) Price Target to C$55.00

Key Points

• Desjardins has raised its price target for Great-West Lifeco from C$52.00 to C$55.00, indicating a potential upside of 4.13% based on the company's previous close.
• A total of six research firms have rated Great-West Lifeco with a "hold" rating, while three have given it a buy rating, contributing to a consensus rating of "Moderate Buy" and a target price of C$56.67.
• The company has authorized a stock buyback plan, which is generally interpreted as a signal that the board believes its stock is undervalued.

Great-West Lifeco (TSE:GWO - Get Free Report) had its target price raised by equities research analysts at Desjardins from C$52.00 to C$55.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. Desjardins' target price indicates a potential upside of 3.70% from the stock's current price. Desjardins also issued estimates for Great-West Lifeco's Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.25 EPS and FY2025 earnings at $4.80 EPS.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group dropped their price target on Great-West Lifeco from C$58.00 to C$57.00 in a research note on Monday, April 21st. Royal Bank Of Canada set a C$53.00 price target on Great-West Lifeco and gave the stock a "sector perform" rating in a research note on Tuesday, April 15th. BMO Capital Markets raised their price target on Great-West Lifeco from C$55.00 to C$56.00 and gave the stock a "market perform" rating in a research note on Thursday. National Bankshares dropped their price target on Great-West Lifeco from C$53.00 to C$52.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Finally, CIBC dropped their price target on Great-West Lifeco from C$60.00 to C$57.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Great-West Lifeco currently has an average rating of "Moderate Buy" and a consensus price target of C$56.67.

Great-West Lifeco Price Performance

Shares of TSE GWO traded down C$0.24 during midday trading on Thursday, hitting C$53.04. 1,384,720 shares of the company's stock were exchanged, compared to its average volume of 2,932,132. Great-West Lifeco has a twelve month low of C$41.26 and a twelve month high of C$57.61. The company has a market cap of C$49.38 billion, a PE ratio of 12.14, a P/E/G ratio of 2.26 and a beta of 0.84. The firm's fifty day simple moving average is C$51.62 and its 200-day simple moving average is C$51.95.

Great-West Lifeco announced that its board has approved a share buyback program on Tuesday, August 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Great-West Lifeco news, Senior Officer Dervla Mary Tomlin sold 36,700 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of C$51.05, for a total transaction of C$1,873,520.32. Also, Senior Officer David Martin Harney sold 20,700 shares of the business's stock in a transaction on Monday, May 26th. The stock was sold at an average price of C$51.85, for a total value of C$1,073,263.95. 70.70% of the stock is currently owned by 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.