Great-West Lifeco (TSE:GWO) PT Set at C$65.00 by National Bank Financial

Key Points

• National Bank Financial set a C$65.00 price target and a "sector perform" rating on Great‑West Lifeco, implying roughly a 9.1% downside from the prior close.
• Analyst consensus is a "Moderate Buy" with an average price target of C$69.11 after several brokers raised targets into the C$70–73 range and ratings spanning Hold to Buy.
• Shares traded at C$71.54 mid‑day (near a 12‑month high) with a market cap of about C$64.8B; insiders own 70.7% and recently sold 46,413 shares at C$63.46 (~C$2.95M).

Great-West Lifeco (TSE:GWO - Get Free Report) has been assigned a C$65.00 price objective by investment analysts at National Bank Financial in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's price objective would indicate a potential downside of 9.14% from the company's previous close.

GWO has been the subject of a number of other research reports. TD Securities raised their price target on shares of Great-West Lifeco from C$70.00 to C$73.00 in a research report on Wednesday, January 14th. Scotiabank raised their price target on shares of Great-West Lifeco from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. Desjardins raised their price target on shares of Great-West Lifeco from C$68.00 to C$71.00 and gave the stock a "hold" rating in a research report on Friday, April 17th. Barclays raised their price target on shares of Great-West Lifeco from C$59.00 to C$70.00 in a research report on Friday, January 9th. Finally, Jefferies Financial Group raised shares of Great-West Lifeco from a "hold" rating to a "buy" rating and raised their price target for the stock from C$67.00 to C$70.00 in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Great-West Lifeco has an average rating of "Moderate Buy" and a consensus price target of C$69.11.

Great-West Lifeco Stock Down 0.3%

Shares of GWO traded down C$0.23 during mid-day trading on Friday, reaching C$71.54. 255,643 shares of the stock traded hands, compared to its average volume of 1,712,622. The firm has a market cap of C$64.84 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 2.26 and a beta of 0.57. The stock has a fifty day simple moving average of C$65.28 and a 200 day simple moving average of C$63.95. Great-West Lifeco has a 12-month low of C$49.54 and a 12-month high of C$71.84. The company has a quick ratio of 22.18, a current ratio of 5.80 and a debt-to-equity ratio of 44.93.

Great-West Lifeco (TSE:GWO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C$1.36 earnings per share (EPS) for the quarter. Great-West Lifeco had a net margin of 10.96% and a return on equity of 13.98%. The company had revenue of C$8.34 billion for the quarter. Sell-side analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current fiscal year.

Insider Transactions at Great-West Lifeco

In other Great-West Lifeco news, insider L.P. Great-West Lifeco U.S. Holdings sold 46,413 shares of the firm's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$63.46, for a total value of C$2,945,368.98. Insiders own 70.70% of the company's stock.

Great-West Lifeco Company Profile

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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