Great-West Lifeco (GWO) Price Target Lowered to C$39.00 at Scotiabank

Great-West Lifeco (TSE:GWO) had its price target cut by equities researchers at Scotiabank from C$40.00 to C$39.00 in a report released on Friday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 16.04% from the company’s previous close.

A number of other analysts have also recently commented on GWO. CSFB lifted their target price on Great-West Lifeco from C$37.00 to C$39.00 in a research report on Wednesday, November 1st. Barclays lifted their target price on Great-West Lifeco from C$37.00 to C$38.00 in a research report on Friday, November 3rd. Royal Bank of Canada lifted their target price on Great-West Lifeco from C$35.00 to C$36.00 in a research report on Friday, November 3rd. Eight Capital cut their target price on Great-West Lifeco from C$38.00 to C$37.00 in a research report on Friday, November 3rd. Finally, National Bank Financial boosted their price target on Great-West Lifeco from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Great-West Lifeco currently has a consensus rating of “Hold” and a consensus price target of C$37.27.

Great-West Lifeco (GWO) traded down C$0.24 on Friday, hitting C$33.61. The stock had a trading volume of 915,726 shares, compared to its average volume of 425,419. Great-West Lifeco has a twelve month low of C$33.01 and a twelve month high of C$37.79. The firm has a market capitalization of $33,470.00, a PE ratio of 13.65 and a beta of 0.59.

In related news, insider Helen Ruth Kasdorf sold 2,280 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of C$35.50, for a total value of C$80,940.00. Also, insider Jeffrey Frederick Macoun sold 3,620 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of C$35.29, for a total value of C$127,749.80.

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About Great-West Lifeco

Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.

Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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