Great-West Lifeco (TSE:GWO) had its target price dropped by equities research analysts at BMO Capital Markets from C$34.00 to C$32.00 in a research report issued to clients and investors on Thursday, August 1st, Stock Target Advisor reports. BMO Capital Markets’ target price would indicate a potential upside of 13.56% from the company’s previous close.
GWO has been the subject of several other reports. Barclays downgraded shares of Great-West Lifeco from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from C$33.00 to C$32.00 in a research note on Wednesday, June 12th. National Bank Financial increased their price target on shares of Great-West Lifeco from C$31.00 to C$33.00 and gave the company a “sector perform” rating in a report on Monday, April 29th. Royal Bank of Canada lowered their price objective on shares of Great-West Lifeco from C$37.00 to C$36.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. TD Securities lowered their price objective on shares of Great-West Lifeco from C$35.00 to C$34.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Finally, Eight Capital lowered their price objective on shares of Great-West Lifeco from C$33.00 to C$31.00 in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Great-West Lifeco presently has a consensus rating of “Hold” and a consensus price target of C$32.39.
Shares of TSE:GWO traded down C$0.12 during mid-day trading on Thursday, reaching C$28.18. The company had a trading volume of 464,200 shares, compared to its average volume of 766,658. The company’s 50-day moving average price is C$28.95 and its 200-day moving average price is C$30.75. The firm has a market cap of $26.17 billion and a price-to-earnings ratio of 10.94. The company has a current ratio of 11.91, a quick ratio of 9.84 and a debt-to-equity ratio of 25.37. Great-West Lifeco has a one year low of C$26.83 and a one year high of C$34.42.
Great-West Lifeco Inc, a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, dental protection, direct marketing, health, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.
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