Great-West Lifeco (TSE:GWO) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets raised its price target on Great-West Lifeco from C$70 to C$76, saying the stock has limited downside from current levels.
• Analyst sentiment remains constructive overall, with a Moderate Buy consensus and an average price target of C$77.18 after several firms recently lifted their targets.
• Great-West Lifeco recently reported quarterly EPS of C$1.37 on revenue of C$8.37 billion, and the stock was trading near its 52-week high of C$77.04.

Great-West Lifeco (TSE:GWO - Get Free Report) had its target price boosted by research analysts at BMO Capital Markets from C$70.00 to C$76.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential downside of 0.34% from the stock's current price.

GWO has been the subject of a number of other reports. National Bank Financial set a C$65.00 price target on Great-West Lifeco and gave the company a "sector perform" rating in a report on Friday, April 24th. Scotiabank increased 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 report on Thursday, February 5th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Great-West Lifeco from C$67.00 to C$73.00 and gave the company an "outperform" rating in a report on Thursday, January 8th. Barclays upped their price objective on shares of Great-West Lifeco from C$70.00 to C$73.00 in a research report on Thursday. Finally, TD raised their target price on Great-West Lifeco from C$73.00 to C$80.00 and gave the company a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$77.18.

Great-West Lifeco Stock Performance

TSE GWO traded down C$0.10 during trading hours on Friday, reaching C$76.26. The stock had a trading volume of 504,991 shares, compared to its average volume of 1,655,716. Great-West Lifeco has a 52-week low of C$49.71 and a 52-week high of C$77.04. The stock has a fifty day moving average of C$66.82 and a 200 day moving average of C$64.86. The company has a debt-to-equity ratio of 44.93, a quick ratio of 22.18 and a current ratio of 5.80. The stock has a market cap of C$69.12 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 2.26 and a beta of 0.59.

Great-West Lifeco (TSE:GWO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.37 earnings per share for the quarter. Great-West Lifeco had a return on equity of 13.98% and a net margin of 10.96%.The company had revenue of C$8.37 billion for the quarter. Sell-side analysts predict that Great-West Lifeco will post 4.4525194 earnings per share for the current 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 stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$63.46, for a total transaction of C$2,945,368.98. 70.70% of the stock is currently owned by insiders.

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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