Scotiabank Increases Great-West Lifeco (TSE:GWO) Price Target to C$40.00

Last updated on Monday, July 26, 2021 | 2021 MarketBeat

Great-West Lifeco (TSE:GWO) had its price target increased by research analysts at Scotiabank from C$38.00 to C$40.00 in a report issued on Monday, BayStreet.CA reports. Scotiabank's price objective would suggest a potential upside of 7.01% from the company's previous close.

A number of other equities research analysts have also commented on the stock. CIBC upped their price target on shares of Great-West Lifeco to C$41.00 and gave the company a "neutral" rating in a report on Thursday. National Bank Financial set a C$37.00 price target on shares of Great-West Lifeco in a report on Friday. Royal Bank of Canada restated a "sector perform" rating and issued a C$39.00 price objective on shares of Great-West Lifeco in a report on Thursday. BMO Capital Markets upped their price objective on shares of Great-West Lifeco from C$37.00 to C$39.00 and gave the stock a "market perfom" rating in a report on Thursday. Finally, Credit Suisse Group upped their price objective on shares of Great-West Lifeco to C$37.00 and gave the stock a "neutral" rating in a report on Wednesday, May 12th. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of "Hold" and a consensus target price of C$37.25.

Shares of GWO traded up C$0.14 during mid-day trading on Monday, reaching C$37.38. The company's stock had a trading volume of 120,005 shares, compared to its average volume of 1,464,025. The firm has a market capitalization of C$34.70 billion and a PE ratio of 10.48. The company has a debt-to-equity ratio of 34.56, a quick ratio of 21.56 and a current ratio of 25.23. Great-West Lifeco has a 52 week low of C$23.55 and a 52 week high of C$38.00. The stock's fifty day moving average price is C$36.87.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings data on Wednesday, May 5th. The company reported C$0.76 earnings per share for the quarter, missing the Zacks' consensus estimate of C$0.78 by C($0.02). The firm had revenue of C$12.12 billion for the quarter. As a group, sell-side analysts expect that Great-West Lifeco will post 3.4599999 EPS for the current fiscal year.

In related news, Senior Officer Bradley John Fedorchuk sold 4,300 shares of the stock in a transaction dated Friday, May 7th. The shares were sold at an average price of C$36.33, for a total transaction of C$156,204.38. Following the sale, the insider now directly owns 779 shares of the company's stock, valued at approximately C$28,298.42.

About Great-West Lifeco

Great-West Lifeco Inc, a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.

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Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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