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

Great-West Lifeco (TSE:GWO) had its price objective hoisted by analysts at Barclays from C$59.00 to C$70.00 in a research note issued on Friday,BayStreet.CA reports. Barclays‘s price target would indicate a potential upside of 3.75% from the company’s current price.

A number of other equities analysts have also commented on the company. Royal Bank Of Canada raised their price target on Great-West Lifeco from C$53.00 to C$60.00 in a report on Monday, November 10th. National Bankshares raised their target price on Great-West Lifeco from C$58.00 to C$59.00 in a research note on Thursday, November 6th. BMO Capital Markets upped their price target on Great-West Lifeco from C$60.00 to C$66.00 in a research report on Monday, November 10th. UBS Group raised shares of Great-West Lifeco to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Desjardins boosted their price objective on shares of Great-West Lifeco from C$55.00 to C$60.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$64.00.

Great-West Lifeco Price Performance

TSE:GWO traded up C$0.05 on Friday, reaching C$67.47. 306,588 shares of the company’s stock were exchanged, compared to its average volume of 1,041,192. The firm has a market cap of C$61.21 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 2.26 and a beta of 0.72. Great-West Lifeco has a 52 week low of C$44.89 and a 52 week high of C$68.56. The stock has a fifty day simple moving average of C$64.64 and a 200-day simple moving average of C$57.93.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$1.33 earnings per share (EPS) for the quarter. The company had revenue of C$8.21 billion for the quarter. Great-West Lifeco had a net margin of 16.06% and a return on equity of 14.81%. As a group, sell-side analysts predict that Great-West Lifeco will post 4.4525194 EPS for the current year.

Insider Activity at Great-West Lifeco

In other news, Director Edmund Francis Murphy sold 94,532 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of C$64.51, for a total value of C$6,098,259.32. Following the completion of the sale, the director directly owned 4,916 shares in the company, valued at approximately C$317,131.16. The trade was a 95.06% decrease in their position. 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. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.