Great-West Lifeco (TSE:GWO) Given New C$59.00 Price Target at BMO Capital Markets

Great-West Lifeco (TSE:GWO - Get Free Report) had its target price hoisted by analysts at BMO Capital Markets from C$54.00 to C$59.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "market perform" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 11.32% from the stock's current price.

Several other equities analysts have also commented on GWO. Cibc World Mkts upgraded Great-West Lifeco from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 6th. CIBC upgraded shares of Great-West Lifeco from a "neutral" rating to an "outperform" rating and increased their price target for the company from C$56.00 to C$60.00 in a research report on Friday, February 7th. Scotiabank boosted their price objective on shares of 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. Royal Bank of Canada upped their price objective on shares of Great-West Lifeco from C$51.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Finally, Barclays boosted their price target on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Great-West Lifeco currently has a consensus rating of "Hold" and a consensus target price of C$54.89.

Great-West Lifeco Stock Down 0.8 %

TSE:GWO traded down C$0.43 during trading hours on Thursday, hitting C$53.00. 1,502,300 shares of the company's stock traded hands, compared to its average volume of 3,048,186. The firm has a market cap of C$49.34 billion, a P/E ratio of 12.13, a P/E/G ratio of 2.26 and a beta of 0.84. The business's fifty day simple moving average is C$52.25 and its two-hundred day simple moving average is C$49.08. Great-West Lifeco has a 52 week low of C$38.44 and a 52 week high of C$57.61.

Insider Activity at Great-West Lifeco

In other Great-West Lifeco news, insider L.P. Great-West Lifeco U.S. Holdings sold 75,457 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$53.44, for a total value of C$4,032,671.09. Also, Senior Officer Linda Kerrigan sold 8,500 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$51.64, for a total transaction of C$438,927.25. Insiders sold a total of 144,257 shares of company stock worth $7,640,646 over the last quarter. 70.70% of the stock is owned by corporate 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.