Great-West Lifeco (TSE:GWO) Given New C$57.00 Price Target at Jefferies Financial Group

Great-West Lifeco (TSE:GWO - Get Free Report) had its price target decreased by stock analysts at Jefferies Financial Group from C$58.00 to C$57.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 9.72% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. TD Securities boosted their price target on shares of Great-West Lifeco from C$53.00 to C$62.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. CIBC raised shares of Great-West Lifeco from a "neutral" rating to an "outperform" rating and increased their target price for the company from C$56.00 to C$60.00 in a research note on Friday, February 7th. Barclays decreased their price target on shares of Great-West Lifeco from C$48.00 to C$47.00 in a research report on Friday, April 11th. Royal Bank of Canada set a C$53.00 price objective on Great-West Lifeco and gave the company a "sector perform" rating in a research report on Tuesday, April 15th. Finally, Cibc World Mkts upgraded Great-West Lifeco from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$54.89.

Great-West Lifeco Stock Down 1.0 %

GWO traded down C$0.51 during trading on Monday, reaching C$51.95. The stock had a trading volume of 198,499 shares, compared to its average volume of 2,929,367. Great-West Lifeco has a 1-year low of C$38.44 and a 1-year high of C$57.61. The firm has a market capitalization of C$48.37 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The stock has a 50 day moving average of C$53.06 and a two-hundred day moving average of C$49.54.

Insider Buying and Selling

In other news, Director Christine Marie Moritz sold 4,700 shares of Great-West Lifeco stock in a transaction dated Friday, February 7th. The stock was sold at an average price of C$52.09, for a total transaction of C$244,827.70. Also, Senior Officer Linda Kerrigan sold 8,500 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of C$51.64, for a total value of C$438,927.25. Over the last three months, insiders sold 144,257 shares of company stock worth $7,640,646. 70.70% of the stock is owned by company 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.

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