Royal Bank of Canada Issues Positive Forecast for Great-West Lifeco (TSE:GWO) Stock Price

Great-West Lifeco (TSE:GWO - Get Free Report) had its target price lifted by investment analysts at Royal Bank of Canada from C$47.00 to C$51.00 in a note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada's target price indicates a potential upside of 4.02% from the company's previous close.

Other equities analysts have also issued reports about the company. Scotiabank increased their price objective on Great-West Lifeco from C$44.00 to C$50.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. CIBC increased their price target on Great-West Lifeco from C$46.00 to C$51.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their target price on shares of Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. TD Securities upped their price target on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Finally, Barclays lifted their price objective on shares of Great-West Lifeco from C$43.00 to C$45.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Great-West Lifeco currently has an average rating of "Hold" and a consensus price target of C$47.63.

Great-West Lifeco Stock Up 0.1 %

Shares of GWO stock traded up C$0.06 on Friday, hitting C$49.03. The stock had a trading volume of 147,784 shares, compared to its average volume of 2,619,313. Great-West Lifeco has a 12-month low of C$38.44 and a 12-month high of C$49.54. The stock has a market cap of C$45.70 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The business has a 50 day moving average of C$46.00 and a 200 day moving average of C$42.83. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18.

Great-West Lifeco (TSE:GWO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$1.11 earnings per share for the quarter, topping analysts' consensus estimates of C$1.05 by C$0.06. Great-West Lifeco had a net margin of 11.32% and a return on equity of 13.21%. The company had revenue of C$8.61 billion for the quarter, compared to the consensus estimate of C$9.83 billion. As a group, analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current year.

Insider Buying and Selling

In other Great-West Lifeco news, Director Charles Donald Harvey Henaire sold 25,400 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. In other news, Director Richard Henry Linton sold 35,800 shares of Great-West Lifeco stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$46.27, for a total value of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total value of C$1,135,888.00. 70.70% of the stock is owned by company insiders.

Great-West Lifeco Company Profile

Great-West Lifeco Inc 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 life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.

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