TD Forecasts Strong Price Appreciation for Great-West Lifeco (TSE:GWO) Stock

by · The Markets Daily

Great-West Lifeco (TSE:GWO – Get Free Report) had its price objective increased by equities research analysts at TD from C$80.00 to C$98.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 6.38% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Desjardins increased their price target on shares of Great-West Lifeco from C$71.00 to C$80.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Jefferies Financial Group upped their price objective on Great-West Lifeco from C$84.00 to C$107.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets raised their target price on Great-West Lifeco from C$70.00 to C$76.00 in a report on Friday, May 8th. National Bank Financial lifted their target price on Great-West Lifeco from C$65.00 to C$73.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Scotiabank boosted their price objective on Great-West Lifeco from C$83.00 to C$95.00 and gave the company a “sector outperform” rating in a research note on Wednesday, July 15th. One equities research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$84.55.

View Our Latest Report on Great-West Lifeco

Great-West Lifeco Stock Performance

GWO stock traded up C$0.39 during trading on Tuesday, reaching C$92.12. The stock had a trading volume of 212,353 shares, compared to its average volume of 1,653,268. The firm has a market cap of C$82.73 billion, a PE ratio of 19.81, a PEG ratio of 2.26 and a beta of 0.67. The company has a current ratio of 6.57, a quick ratio of 22.18 and a debt-to-equity ratio of 29.59. The stock’s 50 day moving average is C$85.07 and its two-hundred day moving average is C$72.73. Great-West Lifeco has a 52 week low of C$51.60 and a 52 week high of C$93.69.

Great-West Lifeco (TSE:GWO – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.37 EPS for the quarter. Great-West Lifeco had a net margin of 12.86% and a return on equity of 15.17%. The firm had revenue of C$8.37 billion during the quarter. As a group, equities analysts anticipate that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

Insider Buying and Selling

In other Great-West Lifeco news, insider Jean-Francois Poulin sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of C$89.55, for a total value of C$1,791,000.00. Following the completion of the transaction, the insider directly owned 160 shares in the company, valued at C$14,328. This represents a 99.21% decrease in their position. Also, Director Edmund Francis Murphy sold 40,000 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 8,784 shares of the company’s stock, valued at approximately C$757,180.80. This trade represents a 81.99% decrease in their ownership of the stock. Over the last 90 days, insiders sold 119,200 shares of company stock worth $9,821,888. 70.70% of the stock is owned by corporate insiders.

Great-West Lifeco Company Profile

(Get Free Report)

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.

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