Great-West Lifeco (TSE:GWO) Price Target Raised to C$91.00 at Royal Bank Of Canada

Great-West Lifeco (TSE:GWO) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from C$77.00 to C$91.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 0.93% from the company’s previous close.

A number of other research firms also recently weighed in on GWO. National Bank Financial raised their target price on shares of Great-West Lifeco from C$93.00 to C$95.00 and gave the company a “sector perform” rating in a research report on Wednesday. Scotiabank boosted their price target on shares of Great-West Lifeco from C$95.00 to C$100.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Scotia increased their price objective on shares of Great-West Lifeco from C$78.00 to C$83.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. Barclays raised their price objective on Great-West Lifeco from C$86.00 to C$87.00 in a report on Wednesday. Finally, BMO Capital Markets lifted their target price on Great-West Lifeco from C$90.00 to C$92.00 and gave the company a “market perform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$93.27.

Great-West Lifeco Stock Up 1.6%

TSE:GWO traded up C$1.42 during trading hours on Thursday, reaching C$91.85. 353,102 shares of the stock were exchanged, compared to its average volume of 1,620,427. The stock has a market cap of C$82.48 billion, a PE ratio of 19.75, a PEG ratio of 2.26 and a beta of 0.67. Great-West Lifeco has a twelve month low of C$51.60 and a twelve month high of C$93.69. The firm has a 50 day moving average of C$87.08 and a 200 day moving average of C$73.92. The company has a debt-to-equity ratio of 29.59, a current ratio of 6.57 and a quick ratio of 22.18.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$1.42 earnings per share (EPS) for the quarter. The company had revenue of C$8.35 billion for the quarter. Great-West Lifeco had a net margin of 12.86% and a return on equity of 15.17%. On average, equities analysts expect that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mei Dong sold 39,400 shares of Great-West Lifeco stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$76.33, for a total value of C$3,007,402.00. Following the completion of the transaction, the director owned 2,721 shares of the company’s stock, valued at C$207,693.93. This trade represents a 93.54% decrease in their position. Also, Director Edmund Francis Murphy sold 40,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$86.20, for a total transaction of C$3,448,000.00. Following the completion of the sale, the director directly owned 8,784 shares in the company, valued at approximately C$757,180.80. The trade was a 81.99% decrease in their ownership of the stock. Over the last three months, insiders have sold 119,200 shares of company stock valued at $9,821,888. 70.70% of the stock is currently owned by corporate insiders.

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.