TD Issues Positive Forecast for Great-West Lifeco (TSE:GWO) Stock Price

Great-West Lifeco (TSE:GWO) had its price objective hoisted by analysts at TD from C$98.00 to C$106.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 16.60% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Barclays raised their target price on Great-West Lifeco from C$86.00 to C$87.00 in a research report on Wednesday. Jefferies Financial Group increased their price target on Great-West Lifeco from C$84.00 to C$107.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. National Bank Financial raised their price objective on Great-West Lifeco from C$93.00 to C$95.00 and gave the company a “sector perform” rating in a report on Wednesday. Desjardins boosted their price objective on Great-West Lifeco from C$71.00 to C$80.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada upped their target price on Great-West Lifeco from C$64.00 to C$77.00 in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.55.

Great-West Lifeco Stock Performance

Shares of GWO traded down C$0.99 during trading hours on Wednesday, hitting C$90.91. The stock had a trading volume of 725,453 shares, compared to its average volume of 1,621,602. The company has a debt-to-equity ratio of 29.59, a quick ratio of 22.18 and a current ratio of 6.57. The firm has a 50-day moving average price of C$86.85 and a 200 day moving average price of C$73.76. Great-West Lifeco has a fifty-two week low of C$51.60 and a fifty-two week high of C$93.69. The firm has a market capitalization of C$81.64 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.26 and a beta of 0.67.

Great-West Lifeco (TSE:GWO) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$1.42 EPS for the quarter. Great-West Lifeco had a net margin of 12.86% and a return on equity of 15.17%. The company had revenue of C$8.35 billion for the quarter. As a group, research analysts anticipate that Great-West Lifeco will post 4.4525194 EPS for the current year.

Insider Activity at Great-West Lifeco

In other news, Director Edmund Francis Murphy sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$86.20, for a total value of C$3,448,000.00. Following the transaction, the director directly owned 8,784 shares of the company’s stock, valued at approximately C$757,180.80. This trade represents a 81.99% decrease in their ownership of the stock. Also, insider Jean-Francois Poulin sold 20,000 shares of the stock in a transaction dated Friday, June 19th. The shares were sold at an average price of C$89.55, for a total transaction of C$1,791,000.00. Following the completion of the sale, the insider owned 160 shares of the company’s stock, valued at approximately C$14,328. The trade was a 99.21% decrease in their position. In the last ninety days, insiders sold 119,200 shares of company stock valued at $9,821,888. 70.70% of the stock is owned by insiders.

About Great-West Lifeco

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.