Great-West Lifeco (TSE:GWO) Price Target Lowered to C$36.00 at National Bankshares

Great-West Lifeco (TSE:GWOGet Rating) had its price target decreased by research analysts at National Bankshares from C$37.00 to C$36.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential upside of 15.76% from the company’s previous close.

A number of other equities research analysts have also recently commented on GWO. Scotiabank reduced their price objective on Great-West Lifeco from C$38.00 to C$37.00 in a research note on Wednesday, July 27th. CIBC cut their target price on Great-West Lifeco from C$38.00 to C$35.00 in a research report on Friday, July 22nd. Barclays cut their target price on Great-West Lifeco from C$41.00 to C$37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 13th. Veritas Investment Research reaffirmed a “sell” rating on shares of Great-West Lifeco in a research report on Friday, May 6th. Finally, BMO Capital Markets cut their target price on Great-West Lifeco from C$38.00 to C$37.00 in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$38.22.

Great-West Lifeco Trading Up 0.2 %

Shares of Great-West Lifeco stock opened at C$31.10 on Thursday. The company has a debt-to-equity ratio of 31.97, a quick ratio of 2.45 and a current ratio of 5.55. Great-West Lifeco has a 52 week low of C$29.93 and a 52 week high of C$41.50. The stock has a 50 day moving average price of C$31.60 and a two-hundred day moving average price of C$34.96. The stock has a market capitalization of C$28.98 billion and a PE ratio of 9.09.

Great-West Lifeco (TSE:GWOGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported C$0.87 EPS for the quarter, meeting analysts’ consensus estimates of C$0.87. The firm had revenue of C$9.03 billion during the quarter. As a group, equities analysts anticipate that Great-West Lifeco will post 3.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Great-West Lifeco news, Director Claude Généreux purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average cost of C$32.55 per share, for a total transaction of C$195,300.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately C$195,300.

Great-West Lifeco Company Profile

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Great-West Lifeco Inc, a financial services holding company, 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 a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.

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