Great-West Lifeco (TSE:GWO) Given a C$53.00 Price Target at Royal Bank of Canada

Great-West Lifeco (TSE:GWO - Get Free Report) has been given a C$53.00 target price by research analysts at Royal Bank of Canada in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank of Canada's price target would indicate a potential upside of 1.03% from the company's previous close.

A number of other equities analysts have also recently weighed in on GWO. Barclays reduced their price target on shares of Great-West Lifeco from C$48.00 to C$47.00 in a research report on Friday, April 11th. Scotiabank upped their price objective on Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Jefferies Financial Group lifted their target price on Great-West Lifeco from C$51.00 to C$58.00 and gave the company a "hold" rating in a research report on Thursday, April 3rd. TD Securities boosted their target price on Great-West Lifeco from C$53.00 to C$62.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, Cibc World Mkts raised shares of Great-West Lifeco from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$55.00.

Great-West Lifeco Stock Down 0.4 %

Shares of Great-West Lifeco stock traded down C$0.19 during trading on Tuesday, reaching C$52.46. 1,204,643 shares of the company were exchanged, compared to its average volume of 2,965,839. Great-West Lifeco has a twelve month low of C$38.44 and a twelve month high of C$57.61. The firm has a market capitalization of C$48.84 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.26 and a beta of 0.84. The business has a 50-day moving average price of C$53.06 and a 200-day moving average price of C$49.52.

Insider Activity

In other news, insider L.P. Great-West Lifeco U.S. Holdings sold 75,457 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of C$53.44, for a total value of C$4,032,671.09. Also, Senior Officer Linda Kerrigan sold 8,500 shares of Great-West Lifeco stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of C$51.64, for a total transaction of C$438,927.25. Insiders sold a total of 144,257 shares of company stock valued at $7,640,646 over the last three months. 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.