National Bankshares Raises Great-West Lifeco (TSE:GWO) Price Target to C$43.00

Great-West Lifeco (TSE:GWO) had its target price boosted by stock analysts at National Bankshares from C$42.00 to C$43.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 2.75% from the stock’s previous close.

GWO has been the subject of a number of other research reports. CIBC raised their target price on Great-West Lifeco from C$44.00 to C$46.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Scotiabank raised their target price on Great-West Lifeco from C$42.00 to C$44.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. BMO Capital Markets raised their target price on Great-West Lifeco from C$42.00 to C$44.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Finally, TD Securities reduced their target price on Great-West Lifeco from C$45.00 to C$44.00 in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Great-West Lifeco has an average rating of “Hold” and a consensus price target of C$43.11.

Great-West Lifeco Stock Up 2.7 %

Great-West Lifeco stock traded up C$1.09 during mid-day trading on Thursday, hitting C$41.85. The company had a trading volume of 337,230 shares, compared to its average volume of 2,250,182. The stock has a market cap of C$39.02 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 2.26 and a beta of 0.86. Great-West Lifeco has a 1 year low of C$37.06 and a 1 year high of C$45.18. The company has a quick ratio of 22.18, a current ratio of 12.42 and a debt-to-equity ratio of 32.33. The business has a fifty day moving average of C$41.98 and a 200 day moving average of C$42.21.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$1.04 EPS for the quarter, beating the consensus estimate of C$0.99 by C$0.05. The company had revenue of C$20.21 billion for the quarter. Great-West Lifeco had a net margin of 7.95% and a return on equity of 10.28%. On average, sell-side analysts expect that Great-West Lifeco will post 4.137561 earnings per share for the current fiscal year.

Insider Buying and Selling at Great-West Lifeco

In other Great-West Lifeco news, Senior Officer Linda Kerrigan sold 5,000 shares of Great-West Lifeco stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$42.95, for a total value of C$214,750.00. In other news, Senior Officer Dervla Mary Tomlin sold 5,400 shares of Great-West Lifeco stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$42.33, for a total value of C$228,590.10. Also, Senior Officer Linda Kerrigan sold 5,000 shares of Great-West Lifeco stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$42.95, for a total value of C$214,750.00. Insiders sold 13,300 shares of company stock worth $566,402 in the last 90 days. 70.57% of the stock is owned by company insiders.

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.