Great-West Lifeco (TSE:GWO) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Great-West Lifeco (TSE:GWO) had its target price upped by investment analysts at Jefferies Financial Group from C$70.00 to C$83.00 in a note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 12.76% from the company’s previous close.

A number of other research firms also recently weighed in on GWO. Canadian Imperial Bank of Commerce raised their price target on Great-West Lifeco from C$67.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Royal Bank Of Canada raised their price objective on Great-West Lifeco from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. TD Securities raised their price objective on Great-West Lifeco from C$70.00 to C$73.00 in a research note on Wednesday, January 14th. National Bank Financial set a C$65.00 price objective on Great-West Lifeco and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, Barclays raised their price objective on Great-West Lifeco from C$59.00 to C$70.00 in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$71.30.

Great-West Lifeco Stock Up 1.4%

Shares of GWO traded up C$1.03 during midday trading on Friday, reaching C$73.61. 318,717 shares of the stock were exchanged, compared to its average volume of 1,669,306. Great-West Lifeco has a 12-month low of C$49.54 and a 12-month high of C$73.87. The firm has a 50 day simple moving average of C$66.22 and a 200-day simple moving average of C$64.44. The company has a quick ratio of 22.18, a current ratio of 5.80 and a debt-to-equity ratio of 44.93. The company has a market cap of C$66.72 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 2.26 and a beta of 0.57.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Wednesday, February 11th. The company reported C$1.36 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$8.34 billion during the quarter. Research analysts forecast that Great-West Lifeco will post 4.4525194 EPS 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 firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$63.46, for a total value of C$2,945,368.98. 70.70% of the stock is owned by company 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.