Great-West Lifeco (TSE:GWO) PT Set at C$53.00 by Royal Bank of Canada

Great-West Lifeco (TSE:GWO) has been given a C$53.00 price target by analysts at Royal Bank of Canada in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 1.42% from the company’s current price.

Several other research firms have also weighed in on GWO. Jefferies Financial Group boosted their price objective on shares of Great-West Lifeco from C$51.00 to C$58.00 and gave the stock a “hold” rating in a research note on Thursday, April 3rd. BMO Capital Markets raised their price objective on Great-West Lifeco from C$54.00 to C$59.00 and gave the company a “market perform” rating in a research report on Thursday, April 3rd. Cibc World Mkts raised Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 6th. Desjardins lifted their price objective on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Finally, Scotiabank increased their price objective on shares of Great-West Lifeco from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$55.00.

Great-West Lifeco Trading Down 0.6 %

Shares of TSE GWO traded down C$0.33 during midday trading on Tuesday, reaching C$52.26. The company’s stock had a trading volume of 475,441 shares, compared to its average volume of 2,976,973. The stock has a 50 day simple moving average of C$53.00 and a 200-day simple moving average of C$49.36. The stock has a market capitalization of C$48.65 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a fifty-two week low of C$38.44 and a fifty-two week high of C$57.61.

Insider Activity at Great-West Lifeco

In other news, insider L.P. Great-West Lifeco U.S. Holdings sold 75,457 shares of Great-West Lifeco stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$53.44, for a total value of C$4,032,671.09. Also, Director Charles Donald Harvey Henaire sold 26,100 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of C$53.00, for a total transaction of C$1,383,300.00. Insiders have sold 144,257 shares of company stock valued at $7,640,646 over the last ninety days. Corporate insiders own 70.70% of the company’s stock.

About Great-West Lifeco

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.