CIBC Issues Positive Forecast for Great-West Lifeco (TSE:GWO) Stock Price

Great-West Lifeco (TSE:GWO) had its price objective hoisted by equities researchers at CIBC from C$55.00 to C$56.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 19.30% from the company’s previous close.

A number of other research analysts have also commented on GWO. Barclays lifted their price objective on shares of Great-West Lifeco from C$45.00 to C$46.00 in a research note on Monday, January 6th. Royal Bank of Canada upped their price objective on Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday, November 8th. Jefferies Financial Group lifted their target price on Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, Scotiabank boosted their target price 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. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Great-West Lifeco currently has a consensus rating of “Hold” and a consensus price target of C$47.88.

Great-West Lifeco Stock Up 0.2 %

TSE:GWO traded up C$0.09 during trading hours on Thursday, hitting C$46.94. The company’s stock had a trading volume of 32,898 shares, compared to its average volume of 1,272,322. The stock has a market capitalization of C$43.75 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. The stock has a fifty day moving average of C$47.59 and a 200-day moving average of C$45.69. Great-West Lifeco has a 52-week low of C$38.44 and a 52-week high of C$50.99.

Great-West Lifeco (TSE:GWO) last posted its earnings results on Wednesday, November 6th. The company reported C$1.14 EPS for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.06. Great-West Lifeco had a net margin of 11.32% and a return on equity of 13.21%. During the same period in the prior year, the business posted $1.00 EPS. On average, equities analysts forecast that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

Insider Activity at Great-West Lifeco

In other Great-West Lifeco news, Senior Officer David Martin Harney sold 562 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$47.55, for a total value of C$26,721.58. Also, Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$49.11, for a total transaction of C$40,515.75. Following the sale, the insider now directly owns 66 shares of the company’s stock, valued at C$3,241.26. The trade was a 92.59 % decrease in their position. Over the last quarter, insiders have sold 174,613 shares of company stock worth $8,697,880. Company insiders own 70.70% of the company’s stock.

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.