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 investment analysts at Royal Bank of Canada in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 1.42% from the company’s previous close.

Several other research firms have also recently issued reports on GWO. Cibc World Mkts upgraded shares of Great-West Lifeco from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 6th. BMO Capital Markets upped 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 report on Thursday, April 3rd. CIBC raised Great-West Lifeco from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$56.00 to C$60.00 in a report on Friday, February 7th. Desjardins raised their price objective on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, TD Securities boosted their target price on shares of Great-West Lifeco from C$53.00 to C$62.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$55.00.

Great-West Lifeco Stock Performance

Shares of TSE:GWO traded down C$0.33 on Tuesday, hitting 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 company has a market capitalization of C$48.65 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. Great-West Lifeco has a 12 month low of C$38.44 and a 12 month high of C$57.61. The stock’s 50-day moving average is C$53.00 and its two-hundred day moving average is C$49.36.

Insider Transactions at Great-West Lifeco

In related news, Director Christine Marie Moritz sold 4,700 shares of Great-West Lifeco stock in a transaction dated Friday, February 7th. The stock was sold at an average price of C$52.09, for a total value of C$244,827.70. Also, Director Charles Donald Harvey Henaire sold 26,100 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$53.00, for a total transaction of C$1,383,300.00. Over the last quarter, insiders have sold 144,257 shares of company stock worth $7,640,646. 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.