Barclays Analysts Give Great-West Lifeco (TSE:GWO) a C$43.00 Price Target

Great-West Lifeco (TSE:GWO) has been given a C$43.00 price objective by investment analysts at Barclays in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price target indicates a potential downside of 3.41% from the stock’s previous close.

Several other equities analysts have also recently issued reports on GWO. Royal Bank of Canada boosted their price objective on Great-West Lifeco from C$45.00 to C$47.00 in a report on Thursday, August 8th. Jefferies Financial Group decreased their price target on Great-West Lifeco from C$46.00 to C$42.00 in a report on Thursday, July 18th. Finally, TD Securities upped their price objective on Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$43.78.

Great-West Lifeco Trading Up 0.0 %

TSE GWO opened at C$44.52 on Thursday. Great-West Lifeco has a 12-month low of C$37.06 and a 12-month high of C$45.18. The company has a fifty day simple moving average of C$41.82 and a two-hundred day simple moving average of C$41.71. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The stock has a market cap of C$41.50 billion, a P/E ratio of 11.21, a P/E/G ratio of 2.26 and a beta of 0.84.

Great-West Lifeco (TSE:GWO) last issued its earnings results on Tuesday, August 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.06. Great-West Lifeco had a return on equity of 13.21% and a net margin of 11.32%. The company had revenue of C$8.61 billion during the quarter, compared to analyst estimates of C$9.83 billion. On average, analysts forecast that Great-West Lifeco will post 4.2808552 earnings per share for the current year.

Insider Activity

In other news, Director Charles Donald Harvey Henaire sold 25,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. Company insiders own 70.65% 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.