Barclays Increases Great-West Lifeco (TSE:GWO) Price Target to C$46.00

Great-West Lifeco (TSE:GWO) had its price objective upped by Barclays from C$45.00 to C$46.00 in a report released on Monday,BayStreet.CA reports. Barclays‘s price objective would suggest a potential downside of 2.09% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Scotiabank raised their price objective on Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price target on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. CIBC upped their price target on shares of Great-West Lifeco from C$51.00 to C$55.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada raised their price objective on shares of Great-West Lifeco from C$47.00 to C$51.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$47.75.

Great-West Lifeco Stock Performance

Shares of GWO stock opened at C$46.98 on Monday. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. The company’s fifty day moving average price is C$48.15 and its two-hundred day moving average price is C$44.92. The firm has a market capitalization of C$43.79 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 12 month low of C$38.44 and a 12 month high of C$50.99.

Insider Activity at Great-West Lifeco

In related news, Director Paul Mahon sold 146,826 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$49.88, for a total value of C$7,323,842.39. Also, Senior Officer David Martin Harney sold 562 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$47.55, for a total value of C$26,721.58. Insiders sold a total of 174,613 shares of company stock valued at $8,697,880 in the last quarter. Insiders own 70.70% of the company’s stock.

About Great-West Lifeco

Great-West Lifeco Inc 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 life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.