Great-West Lifeco (TSE:GWO) Given a C$53.00 Price Target by Royal Bank of Canada Analysts

Great-West Lifeco (TSE:GWO - Get Free Report) has been assigned a C$53.00 price objective by equities research analysts at Royal Bank of Canada in a report released on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank of Canada's price target would suggest a potential upside of 1.03% from the stock's current price.

Several other research firms have also commented on GWO. TD Securities lifted their price objective on shares of Great-West Lifeco from C$53.00 to C$62.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Jefferies Financial Group lifted their price target on shares of Great-West Lifeco from C$51.00 to C$58.00 and gave the stock a "hold" rating in a research note on Thursday, April 3rd. Barclays reduced their price objective on shares of Great-West Lifeco from C$48.00 to C$47.00 in a research report on Friday, April 11th. BMO Capital Markets boosted their target price on Great-West Lifeco from C$54.00 to C$59.00 and gave the company a "market perform" rating in a research report on Thursday, April 3rd. Finally, Scotiabank increased their price target on Great-West Lifeco from C$59.00 to C$60.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$55.00.

Great-West Lifeco Stock Performance

GWO stock traded down C$0.19 during midday trading on Tuesday, reaching C$52.46. 1,204,643 shares of the company traded hands, compared to its average volume of 2,965,839. The firm has a market capitalization of C$48.84 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 52-week low of C$38.44 and a 52-week high of C$57.61. The business has a 50 day moving average of C$53.06 and a 200-day moving average of C$49.52.

Insider Activity

In other news, Director Edmund Francis Murphy sold 15,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of C$52.31, for a total transaction of C$784,695.00. Also, Director Christine Marie Moritz sold 4,700 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of C$52.09, for a total transaction of C$244,827.70. Over the last 90 days, insiders have sold 144,257 shares of company stock worth $7,640,646. Company insiders own 70.70% of the company's stock.

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.