Great-West Lifeco (GWO) Downgraded by CIBC to Negative

CIBC cut shares of Great-West Lifeco (TSE:GWO) from an outperform rating to a negative rating in a research report sent to investors on Friday morning.

GWO has been the subject of several other reports. CSFB upped their target price on shares of Great-West Lifeco from C$37.00 to C$39.00 in a research note on Wednesday, November 1st. TD Securities lowered their price target on shares of Great-West Lifeco from C$39.00 to C$38.00 and set a hold rating on the stock in a report on Friday. Eight Capital lowered their price target on shares of Great-West Lifeco from C$37.00 to C$36.00 in a report on Friday. Royal Bank of Canada boosted their price target on shares of Great-West Lifeco from C$35.00 to C$36.00 in a report on Friday, November 3rd. Finally, National Bank Financial boosted their price target on shares of Great-West Lifeco from C$38.00 to C$39.00 and gave the company an outperform rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Great-West Lifeco presently has an average rating of Hold and an average target price of C$37.27.

Great-West Lifeco (TSE GWO) opened at C$33.95 on Friday. The company has a market cap of $33,570.00, a price-to-earnings ratio of 15.65 and a beta of 0.59. Great-West Lifeco has a one year low of C$33.01 and a one year high of C$37.79.

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

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Great-West Lifeco Company Profile

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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